An Evaluation of Monetary Regime Options for Latin America /

We assess monetary regime options for Latin American countries. The costs of a common currency are likely to outweigh its benefits, as those countries face diverse economic shocks, do not trade much with each other, and are affected by common international financial shocks only to the same extent as...

Full description

Bibliographic Details
Main Author: Berg, Andrew
Other Authors: Borensztein, Eduardo, Mauro, Paolo
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2002.
Series:IMF Working Papers; Working Paper ; No. 2002/211
Online Access:Full text available on IMF