Author: Silvia Marengo
Publisher: Grove/Atlantic
ISBN:
Category : Foreign exchange rates
Languages : en
Pages : 260
Book Description
The question as to the choice of the optimal exchange rate system to be adopted among MERCOSUR countries becomes critical if MERCOSUR states attempt to go further along the path of increasing their trade flows of goods and services. The study contributes to filling this gap by providing some alternative answers to this issue. The analysis has been based on three pillars: a theoretical review of exchange rate systems: a review of the European experience; and an analysis of the Latin American experience.
Exchange Rate Policy for MERCOSUR
Author: Silvia Marengo
Publisher: Grove/Atlantic
ISBN:
Category : Foreign exchange rates
Languages : en
Pages : 260
Book Description
The question as to the choice of the optimal exchange rate system to be adopted among MERCOSUR countries becomes critical if MERCOSUR states attempt to go further along the path of increasing their trade flows of goods and services. The study contributes to filling this gap by providing some alternative answers to this issue. The analysis has been based on three pillars: a theoretical review of exchange rate systems: a review of the European experience; and an analysis of the Latin American experience.
Publisher: Grove/Atlantic
ISBN:
Category : Foreign exchange rates
Languages : en
Pages : 260
Book Description
The question as to the choice of the optimal exchange rate system to be adopted among MERCOSUR countries becomes critical if MERCOSUR states attempt to go further along the path of increasing their trade flows of goods and services. The study contributes to filling this gap by providing some alternative answers to this issue. The analysis has been based on three pillars: a theoretical review of exchange rate systems: a review of the European experience; and an analysis of the Latin American experience.
La inestabilidad cambiaria en el MERCOSUR
Author: José Luis Machinea
Publisher: BID-INTAL
ISBN: 9507381899
Category :
Languages : en
Pages : 36
Book Description
Publisher: BID-INTAL
ISBN: 9507381899
Category :
Languages : en
Pages : 36
Book Description
Monetary Dilemmas
Author: José María Fanelli
Publisher: United Nations Publications
ISBN:
Category : Business & Economics
Languages : en
Pages : 40
Book Description
The deep economic crisis of Argentina has been causing an active quest for conclusions of topical or general importance. This document provides a brief discussion of the problems related to the design and administration of a monetary regime in an economy such as that of Argentina. The ultimate aim is to discuss conditions and parameters, which can affect the choice of monetary policies in the country.
Publisher: United Nations Publications
ISBN:
Category : Business & Economics
Languages : en
Pages : 40
Book Description
The deep economic crisis of Argentina has been causing an active quest for conclusions of topical or general importance. This document provides a brief discussion of the problems related to the design and administration of a monetary regime in an economy such as that of Argentina. The ultimate aim is to discuss conditions and parameters, which can affect the choice of monetary policies in the country.
La inserción del MERCOSUR al mundo globalizado
Author: Juan Ignacio García Pelufo
Publisher: BID-INTAL
ISBN: 9507381902
Category :
Languages : en
Pages : 60
Book Description
Publisher: BID-INTAL
ISBN: 9507381902
Category :
Languages : en
Pages : 60
Book Description
Monetary Union in Mercosur?
Author: Fernando Ferrari Filho
Publisher:
ISBN:
Category : Fiscal policy
Languages : en
Pages : 20
Book Description
Publisher:
ISBN:
Category : Fiscal policy
Languages : en
Pages : 20
Book Description
Regional, Multilateral, and Unilateral Trade Policies of MERCOSUR for Growth and Poverty Reduction in Brazil
Author: Angelo Gurgel
Publisher: World Bank Publications
ISBN:
Category : Brazil
Languages : en
Pages : 107
Book Description
This paper determines the impacts of the Free Trade Agreement of the Americas (FTAA) for Brazil under alternative assumptions concerning the returns to scale and the nature of competition in several industries, emphasizing the effects on the agribusiness activities. The GTAPinGAMS applied general equilibrium model is used to run the simulations. The results suggest different changes in output, imports, exports, and prices under alternative assumptions about market structure. The FTAA allows the exploitation of economies of scale and reduction of markups in almost all industries, with evidences of rationalizing and pro-competitive effects occurring in the industries under imperfect competition. The welfare gains from the FTAA are larger in the model with market imperfections. If the FTAA excludes products from the agribusiness sectors, the Brazilian agricultural industries will exploit less the economies of scale.
Publisher: World Bank Publications
ISBN:
Category : Brazil
Languages : en
Pages : 107
Book Description
This paper determines the impacts of the Free Trade Agreement of the Americas (FTAA) for Brazil under alternative assumptions concerning the returns to scale and the nature of competition in several industries, emphasizing the effects on the agribusiness activities. The GTAPinGAMS applied general equilibrium model is used to run the simulations. The results suggest different changes in output, imports, exports, and prices under alternative assumptions about market structure. The FTAA allows the exploitation of economies of scale and reduction of markups in almost all industries, with evidences of rationalizing and pro-competitive effects occurring in the industries under imperfect competition. The welfare gains from the FTAA are larger in the model with market imperfections. If the FTAA excludes products from the agribusiness sectors, the Brazilian agricultural industries will exploit less the economies of scale.
Modeling the Impact of Real and Financial Shocks on Mercosur
Author: Jean-Pierre Allegret
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
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 response functions and forecast error decomposition, we conclude that differences of exchange rate regime explain significantly the divergences of economic dynamics triggered by foreign or domestic shocks. Second, we decompose the structural innovations generated by each country model into unobservable common and idiosyncratic components, using a state-space model. This last exercise, intended to assess the degree of policy coordination between the Mercosur members, did not disclose any common component for the structural innovations generated by the three national models.
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
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 response functions and forecast error decomposition, we conclude that differences of exchange rate regime explain significantly the divergences of economic dynamics triggered by foreign or domestic shocks. Second, we decompose the structural innovations generated by each country model into unobservable common and idiosyncratic components, using a state-space model. This last exercise, intended to assess the degree of policy coordination between the Mercosur members, did not disclose any common component for the structural innovations generated by the three national models.
MERCOSUR : in search of a new agenda. MERCOSUR : dillemas and alternatives of the trade agenda (Working Paper SITI = Documento de Trabajo IECI n. 6c)
Author: Sandra Polónia Rios
Publisher: BID-INTAL
ISBN: 9507381880
Category :
Languages : en
Pages : 48
Book Description
Publisher: BID-INTAL
ISBN: 9507381880
Category :
Languages : en
Pages : 48
Book Description
Mercosur
Author: Juan Ignacio García Pelufo
Publisher:
ISBN:
Category : Free trade
Languages : en
Pages : 114
Book Description
Publisher:
ISBN:
Category : Free trade
Languages : en
Pages : 114
Book Description
How Regional Blocs Affect Excluded Countries
Author: Won Chang
Publisher: World Bank Publications
ISBN:
Category : Commercial products
Languages : en
Pages : 64
Book Description
Price data on exports to Brazil from countries excluded from MERCOSUR show that preferential trading agreements hurt nonmember countries by compelling them to reduce their prices to meet competition from suppliers within the regional trading bloc.
Publisher: World Bank Publications
ISBN:
Category : Commercial products
Languages : en
Pages : 64
Book Description
Price data on exports to Brazil from countries excluded from MERCOSUR show that preferential trading agreements hurt nonmember countries by compelling them to reduce their prices to meet competition from suppliers within the regional trading bloc.