Download or read book Exchange Rate Policy for MERCOSUR written by Silvia Marengo and published by Grove/Atlantic. This book was released on 1998 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: The question as to the choice of the optimal exchange rate system to be adopted among MERCOSUR countries becomes critical if MERCOSUR states attempt to go further along the path of increasing their trade flows of goods and services. The study contributes to filling this gap by providing some alternative answers to this issue. The analysis has been based on three pillars: a theoretical review of exchange rate systems: a review of the European experience; and an analysis of the Latin American experience.
Download or read book La inestabilidad cambiaria en el MERCOSUR written by José Luis Machinea and published by BID-INTAL. This book was released on 2003 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Monetary Dilemmas written by José María Fanelli and published by United Nations Publications. This book was released on 2002 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: The deep economic crisis of Argentina has been causing an active quest for conclusions of topical or general importance. This document provides a brief discussion of the problems related to the design and administration of a monetary regime in an economy such as that of Argentina. The ultimate aim is to discuss conditions and parameters, which can affect the choice of monetary policies in the country.
Download or read book La inserci n del MERCOSUR al mundo globalizado written by Juan Ignacio García Pelufo and published by BID-INTAL. This book was released on 2003 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Monetary Union in Mercosur written by Fernando Ferrari Filho and published by . This book was released on 2001 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Mercosur written by Juan Ignacio García Pelufo and published by . This book was released on 2004 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Modeling the Impact of Real and Financial Shocks on Mercosur written by Jean-Pierre Allegret and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies to what extent the diversity of exchange rate regimes within Mercosur exerts an influence on the feasibility of a monetary union in this area. A semi-structural VAR model is built for each country, including a set of international and domestic variables. Based on impulse response functions and forecast error decomposition, we conclude that differences of exchange rate regime explain significantly the divergences of economic dynamics triggered by foreign or domestic shocks. Second, we decompose the structural innovations generated by each country model into unobservable common and idiosyncratic components, using a state-space model. This last exercise, intended to assess the degree of policy coordination between the Mercosur members, did not disclose any common component for the structural innovations generated by the three national models.
Download or read book Regional Arrangements to Support Growth and Macro policy Coordination in MERCOSUR written by José María Fanelli and published by . This book was released on 2007 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The main goal of the paper is to discuss the problem of macroeconomic policy coordination in MERCOSUR and how it could contribute to sustaining growth. In the first part, the paper reviews the macroeconomic situation of MERCOSUR, emphasizing the role of the developments that followed the regime change in Brazil in 1999 and in other member countries afterwards. The second part analyses the characteristics of macroeconomic fluctuations in the region. The paper focuses on three dimensions that are key to designing a framework for macroeconomic policy coordination. The first is cyclical movements within countries and the co-movements between MERCOSUR members. The second dimension is price and quantity dynamics and the interactions between the activity level and the real exchange rate. The third has to do with those financial market failures that contribute to creating and amplifying the shocks that impinge on the region. The last section addresses what member countries can do to support growth, macro-policy coordination, and financial integration. From the study of cyclical movements, prices and financial failures, it follows that the strategy for the implementation of the coordination framework should be able to work under conditions of excess volatility; must take into account that the international financial architecture is far from developing-country friendly; and, must emphasize the role of institution-building at the regional level"--Abstract.
Download or read book Exchange Rate Policy and Monetary Integration in Europe and Mercosur written by Giuseppe Tullio and published by . This book was released on 1998 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Does Mercosur Need a Single Currency written by Barry J. Eichengreen and published by . This book was released on 1998 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: The possibility of a single currency for the Mercosur countries was raised by Argentine President Menem in December 1997 and again at the regional summit this past June. This paper argues that whether Mercosur needs a common currency depends on what kind of integrated regional market its architects are creating. A customs union can be sustained despite the existence of separate national currencies that fluctuate against one another. But deeper integration extending beyond the border implies even more open domestic markets and more intense cross-border competition, making exchange-rate changes more disruptive. If South American policy makers intend to press ahead to deeper integration, then they like their European counterparts may have to contemplate monetary integration.
Download or read book MERCOSUR written by Jorge Guira and published by . This book was released on 2003 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: An analysis of the viability of MERCOSUR as an effective engine of economic development. It considers MERCOSUR in all its real-world and theoretical contexts, from forces inherent in Latin American history to its role in a global trading regime dominated by the WTO, the IMF, the EU and NAFTA.
Download or read book EU Mercosur Trade Relations written by Vera Thorstensen and published by . This book was released on 2013 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: The issue of "trade and exchange rate misalignments" is being discussed at the G20, IMF and WTO, following an initiative by Brazil. The main purpose of this paper is to apply the methodology developed by the authors to exam the impacts of misalignment on tariffs in order to analyse the impacts of misalignments on the trade relations between two customs unions--the EU and Mercosur, as well as to explain how tariff barriers are affected. It is divided into several sections: the first summarises the debate on exchange rates at the WTO; the second explains the methodology used to determine exchange rate misalignments; the third and fourth summarises the methodology applied to calculate the impacts of exchange rate misalignments on the level of tariff protection through an exercise of 'misalignment tariffication'; the fifth reviews the effects of exchange rate misalignments on tariffs and its consequences for the trade negotiations between the two areas; and the last concludes and suggests a way to move the debate forward in the context of regional arrangements.--Publisher description.
Download or read book The Monetary Consequences of a Free Trade Area of the Americas written by Barry J. Eichengreen and published by . This book was released on 2003 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: How will free trade affect monetary policy and exchange rate regime choices in the Americas? While the European Union illustrates how the creation of an integrated market in goods and services can enhance monetary cooperation and integration, it is not clear that Europe's experience translates to Latin America, where the political circumstances are different. We try to understand whether the monetary consequences of existing regional trade agreements, including but not limited to the European Union, mainly reflect spillovers from trade integration, or whether observed outcomes have been mainly about politics. Our results incline us toward the latter interpretation, leaving us pessimistic about the basis for deeper monetary cooperation. If exchange rate volatility is to be tamed, then the more widespread adoption of inflation targeting, which we find to be associated with a significant reduction in bilateral exchange rate volatility, may be the most promising path.
Download or read book Between Two Poles written by Matthias Busse and published by . This book was released on 2004 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economic Integration Without Policy Coordination written by Werner Baer and published by . This book was released on 2001 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Latin America Energy Policy and Regulations Handbook Volume 1 Strategic Information and Programs written by IBP, Inc. and published by Lulu.com. This book was released on 2015-12-24 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: Latin American Countries Energy Strategy and Regulations Handbook
Download or read book Negotiating Market Access Between the European Union and MERCOSUR written by Antoni Estevadeordal and published by BID-INTAL. This book was released on 2000 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt:
