Belke, Ansgar; Geisslreither, Kai; Gros, Daniel - In: The IUP Journal of Monetary Economics IV (2006) 3, pp. 6-25
Evaluating the costs and benefits of exchange rate stability, requires a different approach to Mercosur than to the European Union (EU). Trade integration within Mercosur is much more limited; currencies are driven by other factors such as confidence in the ability to serve external debt and the...