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Integração Monetária E Financeira Na Ásia E No Mercosul


  • Julimar da Silva Bichara
  • André Moreira Cunha
  • Marcos Tadeu Caputi Lélis


In the aftermath of 1997-98 financial crises the asian countries initiated a more ambitious process of economic and institutional coordination. In a long term scenario that movement opens a new perspective: the emulation of European integration process, culminating with the creation of a common currency. In this paper we explore the recent effort of financial cooperation between asian economies. Using the optimum currency areas approach why try to identify some opportunities and limits for monetary integration in the asian case. We replicate this exercise to the Mercosur's major partners. We assume that any integration process is political in essence. So our empirical results are nothing but an exploratory exercise. We can't deny the possibility of new advances in the integrationist, because its ultimate determinants were not considered in our empirical treatment.

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  • Julimar da Silva Bichara & André Moreira Cunha & Marcos Tadeu Caputi Lélis, 2005. "Integração Monetária E Financeira Na Ásia E No Mercosul," Anais do XXXIII Encontro Nacional de Economia [Proceedings of the 33th Brazilian Economics Meeting] 082, ANPEC - Associação Nacional dos Centros de Pósgraduação em Economia [Brazilian Association of Graduate Programs in Economics].
  • Handle: RePEc:anp:en2005:082

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    3. Campbell, John Y & Shiller, Robert J, 1987. "Cointegration and Tests of Present Value Models," Journal of Political Economy, University of Chicago Press, vol. 95(5), pages 1062-1088, October.
    4. Canuto, Otaviano & Holland, Márcio & Xavier, Clésio, 1998. "Taxas de Câmbio, Elasticidades-renda e Saldo Comercial na Economia Brasileira," Revista Brasileira de Economia - RBE, FGV/EPGE - Escola Brasileira de Economia e Finanças, Getulio Vargas Foundation (Brazil), vol. 52(2), April.
    5. Cinquetti, Carlos A., 2000. "The Real Plan: Stabilization and Destabilization," World Development, Elsevier, vol. 28(1), pages 155-171, January.
    6. Julio López G. & Alberto Cruz B., 2000. "“Thirlwall’s Law” and Beyond: The Latin American Experience," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 22(3), pages 477-495, March.
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    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration

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