Macroeconomic Stabilization and Structural Adjustment in Latin American Countries: Real Aspects

Macroeconomic Stabilization and Structural Adjustment in Latin American Countries: Real Aspects

Sanjoy Kumar Saha

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Mst. Nilufar Easmin

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Partho Sarathi Laskar3

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Mawlana Bhashani Science and Technology University

Macroeconomic Stabilization and Structural Adjustment in Latin American Countries: Real Aspects

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Abstract

This paper evaluates the advisability of a monetary union in Latin America applying the theory of optimum currency areas (OCA). The analysis, based on the traditional OCA criteria, suggests that there is no evidence for any monetary integration in Latin America, even at a subregional level. Latin American countries have evidenced a low degree of trade integration and asymmetric co-movements among their shocks. Moreover, important differences in the speed of adjustment and size of shocks are found. Higher policy coordination seems to be necessary before starting any economic integration process in Latin America.

References

7 Cites in Article

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Robert Blecker (1988). External Shocks, Structural Change, and Economic Growth in Mexico, 1979–2007.
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J Sachs,Alii (1996). The Mexican peso crisis: Sudden death or death foretold?.

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

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No ethics committee approval was required for this article type.

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How to Cite This Article

Sanjoy Kumar Saha. 2018. \u201cMacroeconomic Stabilization and Structural Adjustment in Latin American Countries: Real Aspects\u201d. Global Journal of Management and Business Research - B: Economic & Commerce GJMBR-B Volume 18 (GJMBR Volume 18 Issue B1).

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GJMBR Volume 18 Issue B1

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

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Classification

GJMBR-B Classification JEL Code: B22

Submission ReceivedDecember 14, 2017
Peer Review Double Blind
Handling Editor
Accepted December 31, 2017
Published January 15, 2018

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v1.2

Issue date

February 17, 2018

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Article Matrices

Total Score: 103

Country: Bangladesh

Subject: Global Journal of Management and Business Research - B: Economic & Commerce

Authors: Sanjoy Kumar Saha, Mst. Nilufar Easmin, Partho Sarathi Laskar3 (PhD/Dr. count: 0)

View Count (all-time): 191

Total Views (Real + Logic): 3248

Total Downloads (simulated): 1677

Publish Date: 2018 02, Sat

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Total Views: 3248

Total Downloads: 1677

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