Monetary integration issues in Latin America: A multivariate assessment | Zendy

Jean-Pierre Allégret | Zendy; Alain Sand-Zantman | Zendy

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Monetary integration issues in Latin America: A multivariate assessment

Author(s) -

Jean-Pierre Allégret,

Alain Sand-Zantman

Publication year - 2008

Publication title -

panoeconomicus

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.289

H-Index - 14

eISSN - 2217-2386

pISSN - 1452-595X

DOI - 10.2298/pan0803279a

Subject(s) - latin americans , business cycle , economics , sample (material) , financial integration , exchange rate , international economics , synchronization (alternating current) , monetary policy , monetary economics , macroeconomics , political science , financial market , finance , computer science , chromatography , law , chemistry , computer network , channel (broadcasting)

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 synchronization with the occurrence of common shocks. First, we assess the international disturbances influence on the domestic business cycles. Second, we analyze the impact of the adoption of different exchange rate regimes on the countries' responses to shocks.

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