Options for Monetary Integration in the Andean Community

Object of this paper is to examine the options for monetary integration in the Andean Community, in the context of existing literature on the subject. After a survey of the relevant literature, some stylised facts of the Andean Community are examined. Optimum Currency Area criteria are considered, a...

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Detalles Bibliográficos
Autor principal: Stefania Scandizzo
Formato: Artículo científico
Publicado: Universidad Central de Venezuela 2003
Materias:
Economía y Finanzas
Monetary alternatives
integration
Andean Community of Nations
exchange regimes
Acceso en línea:http://www.redalyc.org/articulo.oa?id=36490104
http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=ve/ve-004&d=36490104oai
Aporte de:
Red de Bibliotecas Virtuales de Ciencias Sociales (CLACSO) de Consejo Latinoamericano de Ciencias Sociales
id I16-R122-36490104oai
record_format dspace
institution Consejo Latinoamericano de Ciencias Sociales
institution_str I-16
repository_str R-122
collection Red de Bibliotecas Virtuales de Ciencias Sociales (CLACSO)
topic Economía y Finanzas
Monetary alternatives
integration
Andean Community of Nations
exchange regimes
spellingShingle Economía y Finanzas
Monetary alternatives
integration
Andean Community of Nations
exchange regimes
Stefania Scandizzo
Options for Monetary Integration in the Andean Community
topic_facet Economía y Finanzas
Monetary alternatives
integration
Andean Community of Nations
exchange regimes
description Object of this paper is to examine the options for monetary integration in the Andean Community, in the context of existing literature on the subject. After a survey of the relevant literature, some stylised facts of the Andean Community are examined. Optimum Currency Area criteria are considered, as are some indictors of fear of floating and dollarization within the region. I argue that the traditional literature on monetary integration has been developed largely with the intent of explaining integration in Europe, and to consider instead monetary integration in Latin America we need a new framework, one that takes into account the particular characteristics of these economies: fear of floating, original sin, dollarization, and large and volatile capital flows, subject to financial contagion and sudden stops. In conclusion I examine the pros and cons of three possible options available to the Andean Community: mutual exchange rate pegging, a common regional currency and dollarization.
format Artículo científico
Artículo científico
author Stefania Scandizzo
author_facet Stefania Scandizzo
author_sort Stefania Scandizzo
title Options for Monetary Integration in the Andean Community
title_short Options for Monetary Integration in the Andean Community
title_full Options for Monetary Integration in the Andean Community
title_fullStr Options for Monetary Integration in the Andean Community
title_full_unstemmed Options for Monetary Integration in the Andean Community
title_sort options for monetary integration in the andean community
publisher Universidad Central de Venezuela
publishDate 2003
url http://www.redalyc.org/articulo.oa?id=36490104
http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=ve/ve-004&d=36490104oai
work_keys_str_mv AT stefaniascandizzo optionsformonetaryintegrationintheandeancommunity
bdutipo_str Repositorios
_version_ 1764820425175465987

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