Suchergebnisse

This paper aims to discuss the proposal for monetary union in Mercosur in the light of the theory of Optimal Currency Area (OCA). It shows that there is no evidence that macroeconomic convergence can be reached in Mercosur, since the area only minimally achieved some basic criteria defined by the OCA literature. (Rev Econ Polit/DÜI)

This paper deals with the possible future strengthening of the economical integration among the countries of Mercosul, similar to the European integration related to the Maastricht agreement. Some of the problems associated to the coordination of macroeconomic policies and the monetary unification are presented and the feasibility of an agreement similar to Maastricht by the members of Mecosul is defended. Finally, a proposal of schedule - to be announced in 2002 and to occur in the year 2012 - to achieve a monetary integration among Brazil, Argentina, Uruguay, Paraguay and eventually other countries is made. (Rev Econ Polit/DÜI)

Nowadays, influenced by the European experience, several Brazilian economies have given special attention to the possibility of a currency union among the countries of Mercosul. This paper makes a brief analysis of the main theoretical aspects that represent the basis for the proposition of a currency area. Besides this, the paper shows two distinct views in the national literature concerning the hypothesis of the creation of a currency area for the Mercosul. The main conclusion of this article is that the proposal mentioned above is not feasible, because the costs of macroeconomic coordination are too high. (Rev econ polit/DÜI)