Regional monetary agreements: prospects and limits for Mercosur

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Published: Jun 27, 2025
DOI: https://doi.org/10.1590/0101-31572025-3579
Keywords:
Mercosur monetary arrangements integration

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Alexandre Jerônimo de Freitas
Associate Professor III at The Universidade Federal Rural do Rio de Janeiro (UFRRJ), Professor at the Postgraduate Program in Regional Economics and Development (PPGER-UFRRJ) and Coordinator of the Center for Studies on the Economy of the Sea (UFRRJ), Rio de Janeiro/RJ, Brazil.
https://orcid.org/0000-0003-3397-5210
Marcelo Pereira Fernandes
Associate Professor IV at the Universidade Federal Rural do Rio de Janeiro (UFRRJ) and professor at the Postgraduate Program in Regional Economics and Development (PPGER- UFRRJ) and the Postgraduate Program in International Political Economy (Pepi) at the Universidade Federal do Rio de Janeiro (UFRJ), Rio de Janeiro/RJ, Brazil.
https://orcid.org/0000-0003-4550-8564

Abstract

Usually analyzed in an integrated way, the Regional Monetary Agreements
(RMA) are varied processes. The purpose of this article is to map the different forms of RMA
and analyze its application to Mercosur. It is about seeking in the RMA an instrument that
facilitates the adoption of a macroeconomic regime consistent with the development needs
of the bloc’s countries. These countries should be able to adopt pro-growth economic policies,
with job creation and income distribution, which consequently should increase the national
or regional space for the formulation of policies that improve their insertion in the
world economy


JEL Classification: E42; F45; F02.

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How to Cite
Freitas, Alexandre Jerônimo de, and Marcelo Pereira Fernandes. 2025. “Regional Monetary Agreements: Prospects and Limits for Mercosur”. Brazilian Journal of Political Economy 45 (3):535-50. https://doi.org/10.1590/0101-31572025-3579.
Issue
Vol. 45 No. 3 (2025): Jul-Sep / 2025
Section
Review