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Monetary Integration Issues in Latin America: a multivariate assessment

  • Jean-Pierre Allegret


    (GATE - Groupe d'analyse et de théorie économique - CNRS - UL2 - Université Lumière - Lyon 2 - Ecole Normale Supérieure Lettres et Sciences Humaines)

  • Alain Sand-Zantman


    (GATE - Groupe d'analyse et de théorie économique - CNRS - UL2 - Université Lumière - Lyon 2 - Ecole Normale Supérieure Lettres et Sciences Humaines)

This paper assesses the monetary consequences of the Latin-American integration process. Over the period 1991-2007, we analyze a sample of five Latin-Americancountries 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 ofcommon 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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Paper provided by HAL in its series Post-Print with number halshs-00353356.

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Date of creation: 2008
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Publication status: Published in Panoeconomicus, 2008, 55 (3), pp. 279-308
Handle: RePEc:hal:journl:halshs-00353356
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