Theoretical-methodological approaches on Monetary Unification in MERCOSUR. The reopening of the debate
DOI:
https://doi.org/10.24215/24689912e009Keywords:
Monetary Integration, structural approach, monetary approach, MERCOSUR, European monetary union.Abstract
Monetary Integration corresponds to the process by which a set of previously integrated countries adopt a common currency. In the Common Market of the South (MERCOSUR), since 1987, the proposal for a common currency within the regional agreement was raised. Since then, different theoretical-methodological approaches have been suggested about how to achieve it. In this sense, the aim of this article is to broaden the theoretical-methodological contributions made on the subject and contribute to reopen the debate on the alternatives to follow for the construction of the single currency zone in the South American common market. In order to do so, the origin and the theoretical-methodological approaches to the monetary integration of MERCOSUR are identified.
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