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Will be consistent the proposal for the creation of a monetary union in Mercosur?

Author

Listed:
  • Fernando Ferrari Filho

    (Professor titular do Departamento de Economia da Universidade Federal do Rio Grande do Sul.)

  • Luiz Fernando de Paula

    (Professor Adjunto da Faculdade de Economia da Universidade do Estado do Rio de Janeiro.)

Abstract

This paper aims to discuss the proposal for monetary union in Mercosur in the light of the theory of Optimal Currency Area (OCA). It shows that there is no evidence that macroeconomic convergence can be reached in Mercosur, since the area only minimally achieved some basic criteria defined by the OCA literature. JEL Classification: F2; F15; F45.

Suggested Citation

  • Fernando Ferrari Filho & Luiz Fernando de Paula, 2002. "Will be consistent the proposal for the creation of a monetary union in Mercosur?," Brazilian Journal of Political Economy, Center of Political Economy, vol. 22(2), pages 374-383, April.
    • Handle: RePEc:ekm:repojs:v:22:y:2002:i:2:id:95841
    DOI: 10.1590/0101-31572002-1007
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    JEL classification:

    • F2 - International Economics - - International Factor Movements and International Business
    • F15 - International Economics - - Trade - - - Economic Integration
    • F45 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Macroeconomic Issues of Monetary Unions

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