MERCOSUR common market building:

Common Currency, Common Market?

Does the common currency promote goods market integration within the EMU? We argue that such an effect is likely, but that the mechanism typically proposed – lover costs of arbitrage because of increased price transparency – is likely to be of minor importance. Instead we sketch a duopoly model which stresses that lover possibility of future real exchange rate variability lowers the option valu...

Mercosur: Ambitious Policies, Poor Practices

Mercosur has achieved important advances like the removal of intrabloc tariff and non-tariff barriers and the establishment of a common external tariff for most products. However, its ambitious plans to deepen the integration process comprising harmonisation of policies in areas like competition policy, government procurement, technical barriers and phytosanitary measures have not been implemen...

Internationalization and technology in mercosur

The Southern Common Market (mercosur), widely recognized as one of the most advanced regional integration schemes worldwide, is increasingly attractive to multinational enterprises and also very active in outward investments, despite persistent innovation and competitiveness gaps. In this paper we analyse internationalization and technology trends in mercosur in relation to trade, the activitie...

Does Mercosur ' s Trade Performance

Monetary dilemmas: Argentina in Mercosur

.............................................................................5 Introduction........................................................................................ 7 I. General issues relevant to Argentina: some comments ........................................................................ 9 A. The context of monetary and exchange rate policies ............. 9 B. Dealing with...