A DINÂMICA FINANCEIRA INTERNACIONAL E A TENDÊNCIA À DOLARIZAÇÂO DAS ECONOMIAS LATINO-AMERICANAS

Abstract

The author first outlines the dynamics of the new US financial and monetary regime, its expansion to the rest of the world and major proposals for the rearrangement of the international financial order. Secondly he shows the deepening of globalization of financial systems and increasing dollarization at Latin American economies. The author argues that these financial integration processes have been reducing the ability by Latin American central banks to implement monetary and exchange policies and therefore to carry out development policies.