Central America has received growing attention as a region that is integrating successfully into the global economy. This paper examines—among other things—the macroeconomic and fiscal implications of the Free Trade Agreement with the United States (CAFTA-DR), noting that the agreement will...

This article measures from a macroeconomic perspective, the degree of readiness of Central American countries to open their economies and join hemispheric integration schemes such as the Free Trade Area of the Americas (FTAA). A number of indicators are build on the fiscal, monetary, financial...