The Andean dollar: an analysis for the monetary Union of a set of countries in the Andean region
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 pe...
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| Formato: | masterThesis |
| Idioma: | eng |
| Publicado em: |
2022
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| Texto completo: | http://hdl.handle.net/10362/142664 |
| País: | Portugal |
| Oai: | oai:run.unl.pt:10362/142664 |
| 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. |
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