Monetary union in South America : lessons from EMU
Author(s)
Bibliographic Information
Monetary union in South America : lessons from EMU
Edward Elgar, c2003
Available at 12 libraries
  Aomori
  Iwate
  Miyagi
  Akita
  Yamagata
  Fukushima
  Ibaraki
  Tochigi
  Gunma
  Saitama
  Chiba
  Tokyo
  Kanagawa
  Niigata
  Toyama
  Ishikawa
  Fukui
  Yamanashi
  Nagano
  Gifu
  Shizuoka
  Aichi
  Mie
  Shiga
  Kyoto
  Osaka
  Hyogo
  Nara
  Wakayama
  Tottori
  Shimane
  Okayama
  Hiroshima
  Yamaguchi
  Tokushima
  Kagawa
  Ehime
  Kochi
  Fukuoka
  Saga
  Nagasaki
  Kumamoto
  Oita
  Miyazaki
  Kagoshima
  Okinawa
  Korea
  China
  Thailand
  United Kingdom
  Germany
  Switzerland
  France
  Belgium
  Netherlands
  Sweden
  Norway
  United States of America
-
Library, Institute of Developing Economies, Japan External Trade Organization図
LS||332||M114782999
Note
Includes bibliographical references and index
Description and Table of Contents
Description
The integration process of 'The Common Market of the South' (MERCOSUR) has been characterized by serious economic turbulence, including the devaluation of the Brazilian currency and the severe Argentinean monetary crisis. As a response to these difficulties, the adoption of monetary union has emerged as one possible solution to the financial uncertainty which has plagued this region.Whereas some believe MERCOSUR should become a free trade area, others are convinced that nothing less than full monetary union can bring stability to the region and ease the financial fragility of the member countries. This book discusses the future of MERCOSUR, focusing on monetary union and macroeconomic policy co-ordination, and addresses a number of important questions including:
is it possible, or even desirable, to achieve monetary integration?
what would the pre-conditions be for establishing such a union?
what would the convergence criteria be for joining the monetary union?
what are the expected economic consequences for the member countries?
These questions are all addressed with particular reference to the experience of EMU and the lessons which can be learnt by MERCOSUR countries, in terms of the difficult transitions they may have to face.
The book brings together a host of distinguished British, Argentinean and Brazilian economists to elucidate the critical policy issues surrounding the merits of monetary union in South America. Financial economists, international monetary economists, international relations experts, academics and practitioners interested in the issues surrounding economic and monetary union will all value the perceptive insights found in this volume.
Table of Contents
Contents: Introduction Part I: Lessons from the Euro and EMU for MERCOSUR 1. Learning From, and About, EMU - A UK View 2. The Euro and the EMU: Lessons for MERCOSUR Part II: MERCOSUR Macroeconomic Policy Co-ordination 3. MERCOSUR: Why Does Monetary Union Make Sense in the Long Term? 4. Macroeconomic Coordination in MERCOSUR - A Sceptical View 5. Monetary and Exchange Rate Arrangements: A Puzzle to be Solved Among Major MERCOSUR Countries 6. Some Issues on the Financial/Monetary Integration of MERCOSUR Part III: Exchange Rate Regimes and Monetary Dilemmas for MERCOSUR 7. Financial Opening, Instability and Macroeconomic Performance in Latin America During the 1990s: Some Possible Perverse Links 8. Monetary Dilemmas: Argentina in MERCOSUR Index
by "Nielsen BookData"