The eighteen months from June 2001 to end December 2002 were a period of unprecedented economic crisis within MERCOSUR, stemming from the sharp external shock that, with different characteristics, origins, and consequences in each member country, manifested itself in the bloc¿s two main...

The period beginning in the first half of 2003 opened a window of opportunity for MERCOSUR¿s internal agenda. Convergence among the member countries¿ exchange rate policies, the resumption of economic growth in the subregion, and the assumption of power on the part of heads of state who are...

During 1997, MERCOSUR countries again experienced both an acceleration in their economic growth rates and a reduction in inflation rates. This favorable performance was accompanied by an improved fiscal position and the stabilization of real exchange rates. Given that exchange policies in...

The period between the second half of 2004 and the first half of 2005 can be characterized as a timeof convergence in regional macroeconomic trends. The countries of the Southern Common Market(MERCOSUR) saw not only significant economic and trade dynamism in this phase, but also commonpatterns...

In the first half of 1998, the impact of the Asian crisis on the level of economic activity in the four MERCOSUR countries was, in addition to being reasonably differentiated, much less severe than had been forecast at the end of 1997. However, the sub-regional gross domestic product (GDP),...

MERCOSUR has become less operational, despite government claims that it will continue to play a leading role in the international insertion strategies of its member countries for some years. The current crisis is clearly far from over. It is important to note that the enormous difficulties that...

In the first half of 1997, MERCOSUR's macroeconomic situation was marked by two trends: first, improved performance in terms of output and inflation rates, in a context of relative fiscal fragility and external vulnerability; and second, convergence in the performance of the different countries,...

The second half of 1998 was a turning point in the macroeconomic evolution of the MERCOSUR countries, and will very probably mark the beginning of a new phase in relations between them. Despite some difficulties and setbacks, the initial stage ¿ from the signing of the Treaty of Asunción in...

MERCOSUR has become less operational, despite government claims that it will continue to play a leading role in the international insertion strategies of its member countries for some years. The current crisis is clearly far from over. It is important to note that the enormous difficulties that...

In the context of a growing world economy, a steady demand for raw materials and a wealth of liquidity, the Southern Common Market (MERCOSUR: Mercado Común del Sur) continues to expand. The macroeconomic indicators reveal a more solid bloc than last year, and growth is combined with lower...