Monetary Union In South America.

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Arestis,Philip

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ISBN:9781843760573
Editorial: Edward Elgar
Fecha de la edición:2003
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Nº Pág.:192
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/ Estructura Económica

The integration process of 'The Common Market of the South (MERCOSUR), has been characterised by economic turbulence since the devaluation of the Brazilian currency in January 1999, not to mention the recent Argentinean monetary crisis. The adoption of monetary union has emerged as a possible solution for the MERCOSUR countries. This book discusses the future of MERCOSUR, focusing on monetary unions and macroeconomic policy co-ordination. The authors address the question of whether is it possible, or even desirable, to achieve monetary integration and study the relevance of the EMU experience for the countries of MERCOSUR. The book brings together a host of distinguished British, Argentinian and Brazilian economists to elucidate these and other relevant policy questions.