@techreport{Busse2004Between,
abstract = {The paper reviews exchange rate options for Mercosur countries. We start from the
observation that most of the countries in the region have a longstanding tendency to
adopt fixed exchange rates, and ask how such a system could best be designed. The
Argentine crisis has demonstrated that unilateral currency pegs imply the risk of serious
misalignments with other trading partners and subsequent realignments. The standard
basket peg is not a solution because of its limited transparency and credibility. We
therefore discuss a proposal to create dual currency boards that could be a workable
solution for the Mercosur countries.},
author = {Matthias Busse and Carsten Hefeker and Georg Koopmann},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {F3; F4; 330; Exchange Rate Regime; Currency Board; Latin America; Mercosur; Wechselkurssystem; Currency Board; Internationale Wirtschaftsbeziehungen; MERCOSUR-Staaten},
language = {eng},
number = {301},
title = {Between Two Poles: Matching Trade and Exchange Rate Regimes in Mercosur},
type = {HWWA discussion paper},
url = {http://hdl.handle.net/10419/19273},
year = {2004}
}
