Monetary integration issues in Latin America: A multivariate assessment
This paper assesses the monetary consequences of the Latin-American integration process. Over the period 1991-2007, we analyze a sample of five Latin-American countries focusing on the feasibility of a monetary union between L.A. economies. To this end, we study the issue of business cycle synchroni...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Economists' Association of Vojvodina
2008-01-01
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| Series: | Panoeconomicus |
| Subjects: | |
| Online Access: | http://www.doiserbia.nb.rs/img/doi/1452-595X/2008/1452-595X0803279A.pdf |
| _version_ | 1818447217595252736 |
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| author | Allegret Jean-Pierre Sand-Zantman Alain |
| author_facet | Allegret Jean-Pierre Sand-Zantman Alain |
| author_sort | Allegret Jean-Pierre |
| collection | DOAJ |
| description | This paper assesses the monetary consequences of the Latin-American integration process. Over the period 1991-2007, we analyze a sample of five Latin-American countries 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 of common 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. . |
| first_indexed | 2024-12-14T20:00:07Z |
| format | Article |
| id | doaj.art-ad5516fed679454a8717831ebe1ce1f5 |
| institution | Directory Open Access Journal |
| issn | 1452-595X |
| language | English |
| last_indexed | 2024-12-14T20:00:07Z |
| publishDate | 2008-01-01 |
| publisher | Economists' Association of Vojvodina |
| record_format | Article |
| series | Panoeconomicus |
| spelling | doaj.art-ad5516fed679454a8717831ebe1ce1f52022-12-21T22:49:11ZengEconomists' Association of VojvodinaPanoeconomicus1452-595X2008-01-0155327930810.2298/PAN0803279AMonetary integration issues in Latin America: A multivariate assessmentAllegret Jean-PierreSand-Zantman AlainThis paper assesses the monetary consequences of the Latin-American integration process. Over the period 1991-2007, we analyze a sample of five Latin-American countries 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 of common 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. .http://www.doiserbia.nb.rs/img/doi/1452-595X/2008/1452-595X0803279A.pdfbusiness cyclesOCABayesian VARLatin American countries |
| spellingShingle | Allegret Jean-Pierre Sand-Zantman Alain Monetary integration issues in Latin America: A multivariate assessment Panoeconomicus business cycles OCA Bayesian VAR Latin American countries |
| title | Monetary integration issues in Latin America: A multivariate assessment |
| title_full | Monetary integration issues in Latin America: A multivariate assessment |
| title_fullStr | Monetary integration issues in Latin America: A multivariate assessment |
| title_full_unstemmed | Monetary integration issues in Latin America: A multivariate assessment |
| title_short | Monetary integration issues in Latin America: A multivariate assessment |
| title_sort | monetary integration issues in latin america a multivariate assessment |
| topic | business cycles OCA Bayesian VAR Latin American countries |
| url | http://www.doiserbia.nb.rs/img/doi/1452-595X/2008/1452-595X0803279A.pdf |
| work_keys_str_mv | AT allegretjeanpierre monetaryintegrationissuesinlatinamericaamultivariateassessment AT sandzantmanalain monetaryintegrationissuesinlatinamericaamultivariateassessment |