Áreas monetárias ótimas: desenvolvimentos recentes e perspectivas para os países do MERCOSUL

This paper consists of a review of the most important contributions to the understanding of the Optimum Currency Areas (OMA) and on the perspective of implementing such a policy measure into Mercosur. The theoretical support was obtained from reference studies on the European common currency which established the guidelines for the creation of the Euro zone. The findings on the literature review point out that a successful process of macroeconomic coordination is crucial for the implementation of a common currency area. Therefore, before engaging in a process of establishing a common currency area, Mercosur´s members must adopt supranational macroeconomic policy measures that would align their economies to reach stabilization in a regional context.


Variant title:
Optimum currency areas: recent developments and perspectives for MERCOSUR members
Issue Date:
2010
Publication Type:
Working or Discussion Paper
PURL Identifier:
http://purl.umn.edu/58670
Total Pages:
16
Series Statement:
Working Papers on Applied Economics
01/2010




 Record created 2017-04-01, last modified 2018-01-22

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