Is a monetary union feasible for latin america? Evidence from real effective exchange rates and interests rate pass-through levels
This paper assesses the feasibility of forming a common currency in Latin America. First, we examine the cointegration and Granger cau- sality of real effective exchange rates and find evidence supporting a monetary union comprised of Argentina, Bolivia, Brazil, Chile, Colom- bia, Mexico, and Paragu...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
El Colegio de México, A.C.
2014-01-01
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| Series: | Estudios Económicos |
| Online Access: | http://www.redalyc.org/articulo.oa?id=59740006003 |