LEADER 03433oam 2200649 c 450 001 9910297044103321 005 20240715155232.0 010 $a3-631-75137-0 024 7 $a10.3726/b13696 035 $a(CKB)4100000007276950 035 $a(OAPEN)1003022 035 $a(oapen)https://directory.doabooks.org/handle/20.500.12854/25991 035 $a(PH02)9783631751374 035 $a(EXLCZ)994100000007276950 100 $a20240525h20181998 uy 0 101 0 $aeng 135 $aurnnunnnannuu 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 00$aExchange Rate Policy for MERCOSUR:- Lessons from the European Union$eLessons from the European Union$fThomas Straubhaar, Silvia Marengo 205 $a1st, New ed. 210 $aFrankfurt a.M$cPH02$d2018 210 $d2018, c1998 215 $a1 online resource (248 p.)$c, EPDF 225 0 $aSchriften zur Wirtschaftstheorie und Wirtschaftspolitik$v9 300 $aPeter Lang GmbH, Internationaler Verlag der Wissenschaften 311 $a3-631-32791-9 327 $aContents: Mercosur - Economic Integration - Exchange rate agreements - Latin American experience with fixed exchange rates - Currency Board - Real Plan - European Monetary System - VAR Analysis. 330 $aIn January 1995, four Latin American countries, Argentina, Brazil, Uruguay and Paraguay joined their destinies within a common and ambitious enterprise called MERCOSUR. MERCOSUR, the Common Market of the South, represents an important economic integration area that generates a GDP of $US 600 billion, providing a market of 200 million people spread over an area of 12 million square km. Initially, MERCOSUR performance has been more than successful, as intra-MERCOSUR trade has increased significantly. However, the elimination of intra-MERCOSUR tariffs will not be efficient if at the same time the sharp variability of nominal exchange rates artificially affects the relative prices of different products. The question as to the choice of the optimal exchange rate system to be adopted among MERCOSUR countries becomes critical if MERCOSUR states attempt to go further along the path of increasing their trade flows of goods and services. The study contributes to filling this gap by providing some alternative answers to this issue. The analysis has been based on three pillars: a theoretical review of exchange rate systems; a review of the European experience; and an analysis of the Latin American experience. 517 $aExchange Rate Policy for MERCOSUR 606 $aPolitical science & theory$2bicssc 606 $aMonetary economics$2bicssc 606 $aInternational economics$2bicssc 607 $aSouth America$xEconomic integration 610 $aEuropean 610 $aExchange 610 $afrom 610 $aLessons 610 $aMarengo 610 $aMERCOSUR 610 $aPolicy 610 $aRate 610 $aUnion 615 7$aPolitical science & theory 615 7$aMonetary economics 615 7$aInternational economics 676 $a332.4/566/098 700 $aMarengo$b Silvia$4aut$0273908 702 $aStraubhaar$b Thomas$4edt 702 $aMarengo$b Silvia$f1963-$4aut 801 0$bPH02 801 1$bPH02 906 $aBOOK 912 $a9910297044103321 996 $aExchange Rate Policy for MERCOSUR:- Lessons from the European Union$94175189 997 $aUNINA