ABSTRACT
Originally published in 2004. This comprehensive collection provides an innovative analysis and a comparison between economic and financial integration in Europe and Latin America, addressed from a global, regional and country-specific perspective. It constitutes a valuable overview focusing on three topics: regional integration and monetary cooperation in Europe and Latin America, exchange rate strategies and financial sector structure. The collection is the outcome of a Workshop and high-level Seminar organized by the Banco de España and the European Central Bank that brought together senior European and Latin American central bankers, as well as senior representatives from international institutions. The 31 contributors presented high quality papers, allowing the reader to take advantage of a rigorous economic analysis that uses first-hand information and draws useful lessons for the future.
TABLE OF CONTENTS
part |22 pages
Introduction and Overview
part I|146 pages
Regional Integration and Monetary Cooperation
chapter Chapter 1|40 pages
The Quest for Nominal and Real Convergence through Integration in Europe and Latin America
chapter Chapter 2|66 pages
Latin America’s Integration Processes in the Light of the EU’s Experience with EMU
part II|162 pages
Exchange Rate Strategies in Latin America
chapter Chapter 5|48 pages
What Lessons for Latin America from European Institutional and Economic Integration?
chapter Chapter 6|24 pages
Fear of Floating or Fear of Inflation? The Role of the Exchange Rate Pass-Through
chapter Chapter 8|36 pages
Exchange Rate Strategies for Emerging Economies: Lessons from the Chilean Experience
chapter Chapter 9|20 pages
Exchange Rate Regime and Monetary Policy Under an Economy with Partial Dollarization: The Case of Peru
part III|170 pages
Financial Sector Structure