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Latin America's integration processes in the light of the EU's experience with EMU

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  • Heliodoro Temprano Arroyo

Abstract

The paper assesses the advisability of subregional monetary integration in Latin America by looking at EU experience with EMU and by applying the theory of optimum currency areas as well as other criteria proposed by the more recent literature. It also discusses the extent to which EU fiscal policy architecture could be recreated in Latin America.

Suggested Citation

  • Heliodoro Temprano Arroyo, 2002. "Latin America's integration processes in the light of the EU's experience with EMU," European Economy - Economic Papers 2008 - 2015 173, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    • Handle: RePEc:euf:ecopap:0173
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    References listed on IDEAS

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    Cited by:

    1. Foresti Pasquale, 2011. "Is Latin America an Optimum Currency Area? Evidence from a Structural Vector Autoregression Analysis," STUDI ECONOMICI, FrancoAngeli Editore, vol. 0(104), pages 43-68.
    2. Camarero, Mariam & Flores, Renato Jr. & Tamarit, Cecilio R., 2006. "Monetary union and productivity differences in Mercosur countries," Journal of Policy Modeling, Elsevier, vol. 28(1), pages 53-66, January.
    3. Barry Eichengreen & Alan M. Taylor, 2003. "The Monetary Consequences of a Free Trade Area of the Americas," NBER Working Papers 9666, National Bureau of Economic Research, Inc.

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