Monetary integration in Mercosur processed in a context of strong macroeconomic volatility. This paper analyzes the feasibility of a monetary union within this zone. Instead of taking into account all the criteria of the optimal currencies areas, this study focuses on the macroeconomic cycles in...

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...

This paper studies the feasibility of a monetary union in Mercosur. A semi-structural VAR model is estimated for each country, including a set of international and domestic variables. The structural innovations generated by each country model are broken down into unobservable common and...

This paper analyses the monetary consequences of the Latin-American trade integration process. We consider a sample of five countries -Argentina, Brazil, Chile, Mexico and Uruguay- spanning the period 1991-2007. The main question raised pertains to the feasibility of a monetary union between...

This paper studies to what extent the diversity of exchange rate regimes within Mercosur exerts an influence on the feasibility of a monetary union in this area. A semi-structural VAR model is built for each country, including a set of international and domestic variables. Based on impulse...

Monetary integration in Mercosur processed in a context of strong macroeconomic volatility. This paper analyzes the feasibility of a monetary union within this zone. Instead of taking in account all the criteria of the optimal currencies areas, this study focuses on the macroeconomic cycles in...

Cet article étudie la faisabilité d'une union monétaire au sein du Mercosur dans la perspective théorique des zones monétaires optimales. L'étude s'appuie sur l'estimation d'un ensemble de modèles VAR semi-structurels incluant des variables réelles et financières internationales et...