The purpose of this paper is to update the analysis of the process of convergence of state per capita incomes in Brazil, using new data for the period 1986-1995. Theil's L and T indexes are used to show that the process of convergence, observed between 1970 and 1985 and reported in previous...

The main argument of this paper is that initiatives for regional cooperation - particularly related to short-term external financing: reserve sharing and trade-related payments systems - are promising avenues for policy efforts, in face of an international financial situation marked by...