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Would a North American monetary union protect Canada and Mexico against the ravages of “Dutch disease”?

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  • Robert A. Blecker
  • Mario Seccareccia

Abstract

After the formation of the North American Free Trade Agreement (NAFTA) in 1994, enthusiasts of regional integration in North America turned their attention to “deeper” forms of integration, especially a customs union or monetary union.1 Interest in proposals for deeper integration peaked around the turn of the new millennium, both north of the 49th parallel and south of the Rio Grande (Río Bravo). Although the unilateralist turn of US foreign policy under President George W. Bush since 2001 has lessened enthusiasm for deeper integration with the US in both Canada and Mexico, these sorts of proposals remain “in the air” and could easily be revived by future North American governments.

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  • Robert A. Blecker & Mario Seccareccia, 2008. "Would a North American monetary union protect Canada and Mexico against the ravages of “Dutch disease”?," Working Papers 2008-07, American University, Department of Economics.
    • Handle: RePEc:amu:wpaper:0708
    DOI: 10.17606/w0zt-qv95
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    1. Alberto Botta & Antoine Godin & Marco Missaglia, 2016. "Finance, foreign (direct) investment and dutch disease: the case of Colombia," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 33(2), pages 265-289, August.

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