Regional payment agreements: An alternative to currency convertibility?

Regional Payment Agreements (RPAs) replicate, on a regional scale, John M. Keynes’s proposal at the Bretton Woods Conference, based on the recording and subsequent clearing of transactions. The analysis of the three “founding” RPAs from the Golden Age (Finland-USSR, European Payments Union and the...

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Bibliographic Details
Main Authors: Marcelo Bruchanski, Andrea Molinari
Format: Article
Language:English
Published: Universidad Nacional de Colombia 2023-04-01
Series:Cuadernos de Economía
Subjects:
Online Access:https://revistas.unal.edu.co/index.php/ceconomia/article/view/102898