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Monetary Union in South America: Lessons from EMU

By Philip Arestis (Editor), Luiz Fernando de Paula (Editor)
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By Philip Arestis (Editor), Luiz Fernando de Paula (Editor)
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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 Argentinean 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.

Whereas some believe MERCOSUR should become a free trade area, others are convinced that nothing less than fu...

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BusinessEconomicsInternational BusinessMacroeconomicsEurope - International BusinessEconomics - General & MiscellaneousMacroeconomics - General & MiscellaneousEurope - International Business - General & Miscellaneous