Series: IMF Working Papers
Author(s): Andrew Berg , Paolo Mauro , and Eduardo Borensztein
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 December 2002
Keywords: currency union, exchange rate, inflation, monetary policy, real exchange rate, International Monetary Arrangements and Institutions, Open Economy Macroeconomics,
We assess monetary regime options for Latin American countries. The costs of a common currency are likely to outweigh its benefits, as those countries face diverse economic shocks, do not trade much with each other...