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The euro and the EMU: lessons for MERCOSUR

Philip Arestis, Fernando Ferrari-Filho, Luiz Fernando de Paula () and Malcolm Sawyer ()
Authors registered in the RePEc Author Service: Fernando Ferrari Filho ()

Chapter 2 in Monetary Union in South America, 2003 from Edward Elgar Publishing

Abstract: 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?; and 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.

Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 2003
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