Monetary cooperation: an analysis on SUCRE

Vol. 37 No. 1 (2017)

Jan-Mar / 2017
Published February 26, 2020
PDF-Portuguese (Português (Brasil))
PDF-Portuguese (Português (Brasil))

How to Cite

Jerônimo de Freitas, Alexandre, and Marcelo Pereira Fernandes. 2017. “Monetary Cooperation: An Analysis on SUCRE”. Brazilian Journal of Political Economy 37 (1):243-58. https://doi.org/10.1590/0101-31572016v37n01a13.

Monetary cooperation: an analysis on SUCRE

Alexandre Jerônimo de Freitas
Professor do Instituto de Ciências Sociais Aplicadas (ICSA) da Universidade Federal Rural do Rio de Janeiro (UFRRJ).
Marcelo Pereira Fernandes
Professor do Instituto de Ciências Sociais Aplicadas (ICSA) da Universidade Federal Rural do Rio de Janeiro (UFRRJ).
Brazilian Journal of Political Economy, Vol. 37 No. 1 (2017), Jan-Mar / 2017, Pages 243-258

Abstract

The initiative of the Unified System for Regional Compensation, the so-called SUCRE, concerted between the main countries that comprise ALBA, born in a context of great international turmoil caused by the financial crisis of 2008. Still in the consolidation process, the system has very ambitious goals, including the use of the progressive decoupling of the dollar. The aim of this paper is to analyze the SUCRE in force since January 2010. The initiative may be a key step towards construction of a new regional financial architecture to reduce external vulnerability and structural asymmetries in the region.

JEL Classification: F02.


Keywords: SUCRE ALBA trade currency