Jean-Pierre Allegret () (University of Lyon, France) Alain Sand-Zantman () (University of Lyon, France)
Abstract
This paper assesses the monetary consequences of the Latin-American integration process. Over the period 1991-2007, we analyze a sample of five Latin-American countries focusing on the feasibility of a monetary union between L.A. economies. To this end, we study the issue of business cycle synchronization with the occurrence of common shocks. First, we assess the international disturbances influence on the domestic business cycles. Second, we analyze the impact of the adoption of different exchange rate regimes on the countries responses to shocks.
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Publisher Info
Paper provided by Faculty of economics, Department of Economics in its series Working Papers with number
200832.
Length: 29 pages Date of creation: May 2008 Date of revision:
Sep 2008 Publication status: Published in Panoeconomicus, September 2008, pages 279-308 Handle: RePEc:voj:wpaper:200832
Find related papers by JEL classification: C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission
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