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Journal of Post Keynesian Economics Volume 24, 2001 - Issue 2
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Original Articles

Why Does It Not Make Sense to Create a Monetary Union in MERCOSUR? A Keynesian Alternative Proposal

Fernando Ferrari-Filho
Pages 235-252 | Published online: 03 Nov 2015

References

  • Alves, A. J. Jr.; Ferrari, F. Jr.; and Paula, L. F. R. “The Post Keynesian Critique of Conventional Currency Crisis Models and Davidson’s Proposal to Reform the International Monetary System.” Journal of Post Keynesian Economics, Winter 1999–2000, 22 (2): 209–227.
  • Arestis, P.; McCauley, K.; and Sawyer, M. “An Alternative Stability Pact for the European Union.” Cambridge Journal of Economics, 2001, 25 (1), 113–130.
  • Comision Economica para América Latina y el Caribe (CEPAL). “Economic Statistics.” www.cepal.org/estadisticas, 2001.
  • Davidson, P. Post Keynesian Macroeconomic Theory. Aldershot, UK: Edward Elgar, 1994.
  • Davidson, P. “Capital Movements, Tobin Tax, and Permanent Fire Prevention: A Response to De Angelis.” Journal of Post Keynesian Economics, Winter 1999–2000, 22 (2): 197–206.
  • Edwards, S. “How About a Single Currency to Mercosur?” Wall Street Journal, August 28, 1998, p. A11.
  • Eichengreen, B. “Does Mercosur Need a Single Currency?” nberws.nber.org/papers/w6821, 1998.
  • Fanelli, J. M. “Coordinatión macroeconómica en el Mercosur: marco analítico y hechos estilizados” [ Macroeconomic coordination in Mercosur: Analytical Framework and Stylized Facts]. CEDES, Buenos Aires, November, 2000.
  • Giambiagi, F. “Mercosur: Why Does Monetary Union Make Sense in the Long Run?” Ensaios BNDES, Rio de Janeiro, December 12, 1999.
  • Giambiagi, F., and Rigolon, F. “Áreas monetárias ótimas: teoria, unificação monetária européia e aplicações para o Mercosul” [ Optimum Currency Areas: Theory, European Monetary Union and Applications to Mercosur]. Economia Aplicada, January-March 1999, 3 (1): 79–99.
  • Kenen, P. “The Theory of Optimum Currency Areas: An Eclectic View.” In R. Mundell and A. Swoboda (eds.), Monetary Problems of the International Economy. Chicago: University of Chicago Press, 1969, pp. 41–60.
  • Keynes, J. M. Activities 1940-1944: Shaping the Post-War World, the Clearing Union. London: Macmillan, 1980. [The Collected Writings of John Maynard Keynes, Vol. 25, D. Moggridge (ed.). London: Macmillan, 1973.]
  • McKinnon, R. I. “Optimum Currency Areas.” American Economic Review, September 1963, 53 (4), 717–725.
  • Mercado Comum do Cone Sul (Mercosul). “Economic Statistics.” www.mercosul.org/estatisticas, 2001.
  • Mundell, R. “The Theory of Optimum Currency Areas.” American Economic Review, September 1961, 51 (4), 657–665.

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