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Le projet d'Union Monétaire dans le Mercosur :Etude de la position actuelle dans les pays par rapport à une carte de critères de soutenabilité

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  • Céline Gimet

Abstract

Les crises financières récentes ont fragilisé les économies du Mercosur. Pour juger de leur évolution depuis 2001, cet article étudie la position actuelle de ces pays par rapport à une nouvelle carte de critères de soutenabilité venant en complément de la théorie des zones monétaires optimales, en y intégrant une nouvelle dimension financière et régionale. La méthode multicritère d'aide à la décision, transposée à l'échelle macroéconomique et financière, permet ainsi de souligner les efforts entrepris par un noyau de pays dans la perspective de la mise en place d'une union monétaire. / The Mercosur countries have been weakened by the recent financial crises. In order to evaluate their evolution since 2001, this article studies the current countries position with regard to a new set of sustainability criteria, which complete the optimum currency area theory in including a new financial and regional dimension. The multicriteria decision aid method, transposed onto the macroeconomic and financial scale, shows the real efforts that are made by a core of countries in order to adopt a monetary union.

Suggested Citation

  • Céline Gimet, 2007. "Le projet d'Union Monétaire dans le Mercosur :Etude de la position actuelle dans les pays par rapport à une carte de critères de soutenabilité," Brussels Economic Review, ULB -- Universite Libre de Bruxelles, vol. 50(2), pages 249-273.
  • Handle: RePEc:bxr:bxrceb:2013/80317
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    References listed on IDEAS

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    1. Roberto Chang & Andrés Velasco, 2000. "Liquidity Crises in Emerging Markets: Theory and Policy," NBER Chapters,in: NBER Macroeconomics Annual 1999, Volume 14, pages 11-78 National Bureau of Economic Research, Inc.
    2. Sebastian Edwards, 2006. "Monetary unions, external shocks and economic performance: A Latin American perspective," International Economics and Economic Policy, Springer, vol. 3(3), pages 225-247, December.
    3. Ranil M Salgado & Luca A Ricci & Francesco Caramazza, 2000. "Trade and Financial Contagion in Currency Crises," IMF Working Papers 00/55, International Monetary Fund.
    4. Sebastian Edwards, 2006. "Monetary Unions, External Shocks and Economic Performance," Working Papers 126, Oesterreichische Nationalbank (Austrian Central Bank).
    5. Kaminsky, Graciela L. & Reinhart, Carmen M., 2000. "On crises, contagion, and confusion," Journal of International Economics, Elsevier, vol. 51(1), pages 145-168, June.
    6. Mongelli, Francesco Paolo, 2002. "ìNew" Views on the Optimum Currency Area Theory: What is EMU Telling US?," Royal Economic Society Annual Conference 2002 140, Royal Economic Society.
    7. Garry J. Schinasi & R. Todd Smith, 2000. "Portfolio Diversification, Leverage, and Financial Contagion," IMF Staff Papers, Palgrave Macmillan, vol. 47(2), pages 1-1.
    8. Van Rijckeghem, Caroline & Weder, Beatrice, 2001. "Sources of contagion: is it finance or trade?," Journal of International Economics, Elsevier, vol. 54(2), pages 293-308, August.
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    Cited by:

    1. Andrea Bonilla Bolanos, 2014. "External Vulnerabilities And Economic Integration: Is The Union Of South American Nations A Promising Project?," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 39(2), pages 97-131, June.
    2. Andrea Bonilla Bolanos, 2014. "An Examination of the Convergence in the Output of South American Countries: The Influence of the Region’s Integration Projects," Working Papers 1424, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
    3. Andrea Bonilla, 2014. "An Examination of the Convergence in the Output of South American Countries: The Influence of the Region's Integration Projects," Working Papers halshs-01069353, HAL.

    More about this item

    Keywords

    Analyse multicritère/Multicriteria analysis; Critères régionaux bancaires et financiers; Crises de change/Exchange rate crises; Contagion financière fondamentale/Fundamental financial contagion; Pays du Mercosur/Mercosur countries; Union monétaire/Monetary union;

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics

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