A proposal of monetary integration among Mercosur countries

Vol. 17 No. 4 (1997)

Oct-Dec / 1997
Published October 1, 1997
PDF-Portuguese (Português (Brasil))
PDF-Portuguese (Português (Brasil))

How to Cite

Giambiagi, Fabio. 1997. “A Proposal of Monetary Integration Among Mercosur Countries”. Brazilian Journal of Political Economy 17 (4):479-506. https://doi.org/10.1590/0101-31571997-0949.

A proposal of monetary integration among Mercosur countries

Fabio Giambiagi
Do Banco Nacional de Desenvolvimento Econômico e Social – BNDES, Rio de Janeiro/RJ, Brasil.
Brazilian Journal of Political Economy, Vol. 17 No. 4 (1997), Oct-Dec / 1997, Pages 479-506


This paper deals with the possible future strengthening of the economic integration
among the countries of Mercosur, similar to the European integration related to the
Maastricht agreement. Some of the problems associated to the coordination of macroeconomic
policies and the monetary unification are presented and the feasibility of an agreement
similar to Maastricht by the members of Mercosur is defended. Finally, a proposal of schedule
– to be announced in 2002 and to occur in the year 2012 – to achieve a monetary integration
among Brazil, Argentina, Uruguay, Paraguay and eventually other countries is made.

JEL Classification: E40; E50; F33.

Keywords: Monetary union Mercosur economic integration euro