Options for Monetary Integration in the Andean Community

Stefania Scandizzo

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dc.creator	Stefania Scandizzo
dc.date	2003
dc.date.accessioned	2022-03-17T15:42:50Z
dc.date.available	2022-03-17T15:42:50Z
dc.identifier	http://www.redalyc.org/articulo.oa?id=36490104
dc.identifier.uri	http://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/43931
dc.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.
dc.format	application/pdf
dc.language	en
dc.publisher	Universidad Central de Venezuela
dc.relation	http://www.redalyc.org/revista.oa?id=364
dc.rights	Revista Venezolana de Análisis de Coyuntura
dc.source	Revista Venezolana de Análisis de Coyuntura (Venezuela) Num.1 Vol.IX
dc.subject	Economía y Finanzas
dc.subject	Monetary alternatives
dc.subject	integration
dc.subject	Andean Community of Nations
dc.subject	exchange regimes
dc.title	Options for Monetary Integration in the Andean Community
dc.type	artículo científico