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Open Access Publications from the University of California

Does Mercosur Need a Single Currency?

  • Author(s): Eichengreen, Barry
  • et al.

The issue of whether Mercosur needs closer macroeconomic policy harmonization, and in particular an exchange-rate stabilization agreement or even a single currency is discussed. Three views are offered on the links between exchange rates and regional integration. The option for monetary union is also considered.

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