Does a Monetary Union protect again shocks? An assessment of Latin American integration - HAL Accéder directement au contenu
Article dans une revue Journal of Policy Modeling / Journal of Policy Modelling Année : 2009

Does a Monetary Union protect again shocks? An assessment of Latin American integration

Résumé

This paper analyses the monetary consequences of the Latin-American trade integration process. We consider a sample of five countries -Argentina, Brazil, Chile, Mexico and Uruguay- spanning the period 1991-2007. The main question raised pertains to the feasibility of a monetary union between L.A. economies. To this end, we study whether this set of countries is characterized by business cycle synchronization with the occurrence of common shocks, a strong similarity in the adjustment process and the convergence of policy responses. We focus especially our attention on two points. First, we try
to determine to what extent international disturbances influence the domestic business cycles through trade and/or financial channels. Second, we analyze the impact of the adoption of different exchange rate regimes on the countries' responses to shocks. All these features are the main issues in the literature relative to regional integration and OCA process.
Fichier principal
Vignette du fichier
JPM_finale_12_06_08_.pdf ( 155.77 Ko ) Télécharger
Origine : Fichiers produits par l'(les) auteur(s)
Loading...

Dates et versions

halshs-00371069, version 1 (01-04-2009)

Identifiants

Citer

Jean-Pierre Allegret, Alain Sand-Zantman. Does a Monetary Union protect again shocks? An assessment of Latin American integration. Journal of Policy Modeling / Journal of Policy Modelling, 2009, 31 (n° 1), pp. 102-118. ⟨10.1016/j.jpolmod.2008.09.002⟩. ⟨halshs-00371069⟩
74 Consultations
308 Téléchargements
Dernière date de mise à jour le 28/04/2024
comment ces indicateurs sont-ils produits

Altmetric

Partager

Gmail Facebook Twitter LinkedIn Plus