Economics, Econometrics and Finance
7 years ago

Latin America Struggles to Form Optimal Currency Area, ALBA Moves Towards Union

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Reflets et perspectives de la vie économique
Is Latin America an Optimal Currency Area? Toward the Construction of a Monetary Union?
Fernando Ruiz

Paper Summary

Latin America is not an Optimal Currency Area because not all countries in the region experience the same economic shocks. However, ALBA is moving towards a monetary union.

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