Would a North American monetary union protect Canada and Mexico against the ravages of “Dutch disease”?
AbstractAfter 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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Bibliographic InfoPaper provided by American University, Department of Economics in its series Working Papers with number 2008-07.
Length: 42 pages
Date of creation: Jul 2008
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Web page: http://www.american.edu/cas/economics/
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-11-04 (All new papers)
- NEP-MON-2008-11-04 (Monetary Economics)
- NEP-PKE-2008-11-04 (Post Keynesian Economics)
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