Regional economic integration in America / Eduardo Lizano -- Regional integration in Central America : some remarks / Victor Bulmer-Thomas -- The Coimbra Group and integration in Central America / Daniel van Eeuwen -- The prospects for Andean integration / Lois Jorge Garay -- Andean integration...

What are the reasons for and the costs of Latin America's volatility? Because there is no consensus on these fundamental questions, there is no consensus on the appropriate policy response to macroeconomic volatility in Latin America, and other shock-prone countries. This paper provides new...