Monetary Union in South America: Lessons from Emu

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The integration process of The Common Market of the South (MERCOSUR) has been characterized by serious economic turbulence, including the devaluation of the Brazilian currency and the severe Argentinian monetary crisis. As a response to these difficulties, the adoption of monetary union has emerged as one possible solution to the financial uncertainty which has plagued this region. convinced that nothing less than full monetary union can bring stability to the region and ease the financial fragility of the member countries. ...

Monetary Union in South America: Lessons from Emu 2003, Edward Elgar Publishing

ISBN-13: 9781843760573

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