Between Two Poles: Matching Trade and Exchange Rate Regimes in Mercosur

Arbeitspapier

The paper reviews exchange rate options for Mercosur countries. We start from the observation that most of the countries in the region have a longstanding tendency to adopt fixed exchange rates, and ask how such a system could best be designed. The Argentine crisis has demonstrated that unilateral currency pegs imply the risk of serious misalignments with other trading partners and subsequent realignments. The standard basket peg is not a solution because of its limited transparency and credibility. We therefore discuss a proposal to create dual currency boards that could be a workable solution for the Mercosur countries.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: HWWA Discussion Paper ; No. 301

Klassifikation und Themen

• Klassifikation: Wirtschaft
• Thema: Exchange Rate Regime ; Currency Board ; Latin America ; Mercosur ; Wechselkurssystem ; Currency Board ; Internationale Wirtschaftsbeziehungen ; MERCOSUR-Staaten

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Busse, Matthias ; Hefeker, Carsten ; Koopmann, Georg
• Ereignis: Veröffentlichung
• (wer): Hamburg Institute of International Economics (HWWA)
• (wo): Hamburg
• (wann): 2004

Weitere Informationen

• Handle: http://hdl.handle.net/10419/19273
• Letzte Aktualisierung: 10.03.2025, 11:43 MEZ