Publicação
The Andean dollar: an analysis for the monetary Union of a set of countries in the Andean region
| Resumo: | Recent legislations for human capital mobility as well as existing pacts for international cooperation and trade unions between a set of Latin American countries arises judgments of whether it would be beneficial a monetary union among Bolivia, Chile, Colombia, Ecuador and Peru. Data covering the period from 2005 to 2019 and the use of VAR techniques for a macro-econometric analysis indicates that macroeconomic shocks between this set of countries are symmetric enough to indicate that a monetary union between this countries should be further analyzed. The same analysis was done between the five Latin American countries and the United States for the option of a dollarization as a way of union, but in this case macroeconomic shocks were sufficiently asymmetric to rather not advise a dollarization of this countries. |
|---|---|
| Autores principais: | Carrillo, David Alejandro Gómez |
| Assunto: | Monetary economics Monetary & exchange rate arrangements Monetary policy Trade Unions |
| Ano: | 2022 |
| País: | Portugal |
| Tipo de documento: | dissertação de mestrado |
| Tipo de acesso: | acesso aberto |
| Instituição associada: | Universidade Nova de Lisboa |
| Idioma: | inglês |
| Origem: | Repositório Institucional da UNL |
| Resumo: | Recent legislations for human capital mobility as well as existing pacts for international cooperation and trade unions between a set of Latin American countries arises judgments of whether it would be beneficial a monetary union among Bolivia, Chile, Colombia, Ecuador and Peru. Data covering the period from 2005 to 2019 and the use of VAR techniques for a macro-econometric analysis indicates that macroeconomic shocks between this set of countries are symmetric enough to indicate that a monetary union between this countries should be further analyzed. The same analysis was done between the five Latin American countries and the United States for the option of a dollarization as a way of union, but in this case macroeconomic shocks were sufficiently asymmetric to rather not advise a dollarization of this countries. |
|---|
Atividades financiadas
Não foram encontrados projetos financiados.