Exchange Rate Policy for MERCOSUR:- Lessons from the European Union
In January 1995, four Latin American countries, Argentina, Brazil, Uruguay and Paraguay joined their destinies within a common and ambitious enterprise called MERCOSUR. MERCOSUR, the Common Market of the South, represents an important economic integration area that generates a GDP of $US 600 billion...
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| Idioma: | anglès |
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Peter Lang International Academic Publishers
2021
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| author | Marengo, Silvia |
| author_browse | Marengo, Silvia |
| author_facet | Marengo, Silvia |
| author_sort | Marengo, Silvia |
| collection | Directory of Open Access Books |
| description | In January 1995, four Latin American countries, Argentina, Brazil, Uruguay and Paraguay joined their destinies within a common and ambitious enterprise called MERCOSUR. MERCOSUR, the Common Market of the South, represents an important economic integration area that generates a GDP of $US 600 billion, providing a market of 200 million people spread over an area of 12 million square km. Initially, MERCOSUR performance has been more than successful, as intra-MERCOSUR trade has increased significantly. However, the elimination of intra-MERCOSUR tariffs will not be efficient if at the same time the sharp variability of nominal exchange rates artificially affects the relative prices of different products. 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. |
| format | Online |
| id | doab-20.500.12854ir-25991 |
| institution | Directory of Open Access Books |
| language | eng |
| publishDate | 2021 |
| publishDateRange | 2021 |
| publishDateSort | 2021 |
| publisher | Peter Lang International Academic Publishers |
| publisherStr | Peter Lang International Academic Publishers |
| record_format | ojs |
| spelling | doab-20.500.12854ir-259912025-07-30T09:00:23Z Exchange Rate Policy for MERCOSUR:- Lessons from the European Union Marengo, Silvia European Exchange from Lessons Marengo MERCOSUR Policy Rate Union thema EDItEUR::J Society and Social Sciences::JP Politics and government::JPA Political science and theory thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCB Macroeconomics::KCBM Monetary economics thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCL International economics thema EDItEUR::J Society and Social Sciences::JP Politics and government::JPA Political science and theory thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCB Macroeconomics::KCBM Monetary economics thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCL International economics In January 1995, four Latin American countries, Argentina, Brazil, Uruguay and Paraguay joined their destinies within a common and ambitious enterprise called MERCOSUR. MERCOSUR, the Common Market of the South, represents an important economic integration area that generates a GDP of $US 600 billion, providing a market of 200 million people spread over an area of 12 million square km. Initially, MERCOSUR performance has been more than successful, as intra-MERCOSUR trade has increased significantly. However, the elimination of intra-MERCOSUR tariffs will not be efficient if at the same time the sharp variability of nominal exchange rates artificially affects the relative prices of different products. 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. 2021-02-10T12:58:18Z 2019-01-10 23:55 2020-01-13 15:23:55 2020-04-01T11:36:09Z 2018 book 1003022 OCN: 1082957848 http://library.oapen.org/handle/20.500.12657/27007 9783631751374 https://directory.doabooks.org/handle/20.500.12854/25991 eng Schriften zur Wirtschaftstheorie und Wirtschaftspolitik open access image/jpeg image/jpeg image/jpeg image/jpeg image/jpeg n/a n/a n/a n/a n/a https://library.oapen.org/bitstream/20.500.12657/27007/1/1003022.pdf https://library.oapen.org/bitstream/20.500.12657/27007/1/1003022.pdf https://library.oapen.org/bitstream/20.500.12657/27007/1/1003022.pdf https://library.oapen.org/bitstream/20.500.12657/27007/1/1003022.pdf https://library.oapen.org/bitstream/20.500.12657/27007/1/1003022.pdf Peter Lang International Academic Publishers 10.3726/b13696 10.3726/b13696 44a712f0-ee17-4c08-a667-46effed595e7 9783631751374 246 Bern open access |
| spellingShingle | European Exchange from Lessons Marengo MERCOSUR Policy Rate Union thema EDItEUR::J Society and Social Sciences::JP Politics and government::JPA Political science and theory thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCB Macroeconomics::KCBM Monetary economics thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCL International economics thema EDItEUR::J Society and Social Sciences::JP Politics and government::JPA Political science and theory thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCB Macroeconomics::KCBM Monetary economics thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCL International economics Marengo, Silvia Exchange Rate Policy for MERCOSUR:- Lessons from the European Union |
| title | Exchange Rate Policy for MERCOSUR:- Lessons from the European Union |
| title_full | Exchange Rate Policy for MERCOSUR:- Lessons from the European Union |
| title_fullStr | Exchange Rate Policy for MERCOSUR:- Lessons from the European Union |
| title_full_unstemmed | Exchange Rate Policy for MERCOSUR:- Lessons from the European Union |
| title_short | Exchange Rate Policy for MERCOSUR:- Lessons from the European Union |
| title_sort | exchange rate policy for mercosur lessons from the european union |
| topic | European Exchange from Lessons Marengo MERCOSUR Policy Rate Union thema EDItEUR::J Society and Social Sciences::JP Politics and government::JPA Political science and theory thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCB Macroeconomics::KCBM Monetary economics thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCL International economics thema EDItEUR::J Society and Social Sciences::JP Politics and government::JPA Political science and theory thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCB Macroeconomics::KCBM Monetary economics thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCL International economics |
| topic_facet | European Exchange from Lessons Marengo MERCOSUR Policy Rate Union thema EDItEUR::J Society and Social Sciences::JP Politics and government::JPA Political science and theory thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCB Macroeconomics::KCBM Monetary economics thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCL International economics thema EDItEUR::J Society and Social Sciences::JP Politics and government::JPA Political science and theory thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCB Macroeconomics::KCBM Monetary economics thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCL International economics |
| url | 1003022 |
| work_keys_str_mv | AT marengosilvia exchangeratepolicyformercosurlessonsfromtheeuropeanunion |