Regional Integration in Latin America - The Pacific Alliance a Way Ahead
  • Home
  • About the blog
    • Editor and Founder
    • Contributors
  • Library
    • Articles
    • Academic
    • Book Chapters
    • Book Reviews
    • Books
    • Briefing Papers
    • Conference Papers
    • Discussion Papers
    • Language
    • Journal Articles
    • Publications in English
    • Publications in French
    • Publications in Italian
    • Publications in Portuguese
    • Publications in Spanish
    • Reports
    • Theses
    • Working Papers
  • Recommended Sources
    • Latin America
    • Asia Pacific
    • Research
    • Latin America-Asia Pacific
Home
About the blog
    Editor and Founder
    Contributors
Library
    Articles
    Academic
    Book Chapters
    Book Reviews
    Books
    Briefing Papers
    Conference Papers
    Discussion Papers
    Language
    Journal Articles
    Publications in English
    Publications in French
    Publications in Italian
    Publications in Portuguese
    Publications in Spanish
    Reports
    Theses
    Working Papers
Recommended Sources
    Latin America
    Asia Pacific
    Research
    Latin America-Asia Pacific
  • Home
  • About the blog
    • Editor and Founder
    • Contributors
  • Library
    • Articles
    • Academic
    • Book Chapters
    • Book Reviews
    • Books
    • Briefing Papers
    • Conference Papers
    • Discussion Papers
    • Language
    • Journal Articles
    • Publications in English
    • Publications in French
    • Publications in Italian
    • Publications in Portuguese
    • Publications in Spanish
    • Reports
    • Theses
    • Working Papers
  • Recommended Sources
    • Latin America
    • Asia Pacific
    • Research
    • Latin America-Asia Pacific
Regional Integration in Latin America - The Pacific Alliance a Way Ahead
English, Working Papers

Financial Integration in the Pacific Alliance

Summary:
The Pacific Alliance (PA) is a pragmatic and dynamic integration process whose members—which currently include Chile, Colombia, Mexico, and Peru—seek the free circulation of goods, services, capital flows, and people among them, as well as cooperation in a wide variety of other areas. The PA subscribes to the modern view of “open regionalism,” because it promotes trade and capital flows with other regions—in particular, with East Asia and Mercosur—and it remains open to new members. Several other Latin American countries have indicated their potential interest in the PA, and Costa Rica is currently advancing in the process of joining.

Financial integration is, thus, one of the PA’s primary goals. Financial institutions within the region, in particular of emerging financial multilatinas, already have important cross-investments.

But the best-known development so far in this area is the Mercado Integrado Latino Americano (MILA) platform, partial integration of the four current PA members’ stock exchanges.

This paper discusses, first, why financial integration, and in particular capital market integration, may provide substantial benefits to the PA’s members, especially in the current external environment.
It then focuses on the potential for the integration of capital markets within the region and on how a significant push toward regulatory harmonisation can contribute to meeting this goal and reenergizing MILA.

Resumen:
No disponible

Author: Guillermo Perry
Full document: 2016, Perry, Financial Integration in the Pacific Alliance

March 13, 2016by Ana Maria Palacio

Recent Posts

  • Towards a Digital Economy Strategy for the Pacific Alliance?: The Broader Agenda
  • The Latin American Services Factory for the Asia Pacific Region: Opportunities for the Pacific Alliance
  • Academic and Policy Research About the Pacific Alliance: A Snapshot
  • In Conversation: A Collective Identity in the Pacific Alliance
  • On Social Entrepreneurship and the Pacific Alliance: An Invitation

About Editors

Hello my name is Ana Maria Palacio. I have a PhD from the University of Melbourne. This blog is about my thesis project, the Pacific Alliance.

Subscribe to our Newsletter

Categories

  • Academic
  • Articles
  • Book Chapters
  • Book Reviews
  • Books
  • Briefing Papers
  • Conference Papers
  • Contributions
  • Cooperation
  • Discussion Papers
  • Editor's choice
  • English
  • Featured
  • French
  • In Conversation
  • Italian
  • Journal Articles
  • News
  • Portuguese
  • Posts
  • Publications
  • Reports
  • Russian
  • Spanish
  • Theses
  • Uncategorized
  • Working Papers

Keywords

achievements (12) ALBA (14) APEC (7) Asia Pacific (32) background (9) Brazil (21) challenges (16) Chile (27) China (14) Colombia (37) convergence (14) cooperation (20) counterbalance (7) deep integration (8) economic integration (21) European Union (9) Financial integration (8) foreign policy (18) free trade agreements (11) geopolitics (11) innovation (10) institutional (9) Integration (46) intra-regional trade (10) investment (12) Latin-America (33) Mercosur (51) Mexico (25) MILA (8) objectives (16) open regionalism (22) origin (8) Pacific Alliance (19) Peru (25) prospects (10) regional integration (25) regionalism (41) SMEs (8) South America (8) The Andean Community (8) The United States (13) TPP (13) trade (7) trade agreements (11) UNASUR (9)

Archives

“I started with The Pacific Alliance blog to provide you with news and information about the latest developments and challenges ahead for the integration scheme.”

© 2018 copyright Ana Maria Palacio    website by studio t-bac 
Independent Pacific Alliance Blog / disclaimer