Regional monetary agreements: prospects and limits for Mercosur

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.