El fenómeno de contagio en las crisis financieras y cambiarias de los últimos años indica que es preciso ampliar el campo de acción de la política macroeconómica y llevarlo del plano nacional al plano regional. Este artículo da a conocer los principales conceptos y desafíos que plantea...

The contagious aspects of recent financial crises in emerging economies demonstrate the need to extend the domain of regional cooperation. This paper presents in a non-technical language the main concepts and challenges behind the coordination of macroeconomic policies in Latin America and the...

The optimality and feasibility of exchange-rate regimes in Latin America depends upon several parameters linked to microeconomics, open macroeconomics, and political economy aspects. More recently, the discussion has incorporated the regional dimension and the possibility of joining monetary...