Trade and Exchange Rate Regime Coherence: Implications for Integration in the Americas

Latin America's trade relationships have been severely strained by the series of uncoordinated currency depreciations within the region since the Asian Crisis spilled over into Brazil in 1999 and by large swings in G-3 exchange rates. Large depreciations, whether forced by capital markets or unilaterally effected for competitive trade reasons, are equivalent to steep increases in tariffs facing trading partners; they damage trade relationships and distort trade-oriented economic growth. The sources of the unfolding regional crisis and its implications for intra-regional trade as well as trade with major external trading partners are examined. Implications for future regional economic integration are drawn.


Issue Date:
2002
Publication Type:
Journal Article
DOI and Other Identifiers:
Record Identifier:
https://ageconsearch.umn.edu/record/23919
PURL Identifier:
http://purl.umn.edu/23919
Published in:
Estey Journal of International Law and Trade Policy, 03, 2
Page range:
256-275
Total Pages:
20




 Record created 2017-04-01, last modified 2019-08-26

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