Easing trade costs within Mercosul

Abstract The paper describes the joint policy of Brazil and Argentina regarding the currency use in bilateral trade. The Local Currency Payment System (SML) framework is investigated as an instrument of reducing trade costs by providing new financial integration mechanisms and its implications according to usual trade issues debate. We cut across different issues related to the SML rationale. Additionally, we describe and analyze the data available for the system showing that the SML use is more common to Brazilian exports than to Argentine ones.

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Year of publication:	2012-10-23
Authors:	Reiss, Daniel G
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	international trade \| Mercosul \| cost reduction \| payment system

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Classification:	F13 - Commercial Policy; Protection; Promotion; Trade Negotiations ; E42 - Monetary Systems; Standards; Regimes; Government and the Monetary System ; F53 - International Agreements and Observance; International Organizations ; F36 - Financial Aspects of Economic Integration
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011113927