Description
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In view of the creation of the Union of South American Nations (UNASUR) and the Banco del Sur, this book analyses whether the UNASUR members fulfil the preconditions to form a stable monetary union. Based on a model developed by Bayoumi and Eichengreen, it constructs an optimum currency area (OCA) index vis-à-vis Brazil. In comparison to the European Monetary Union, it then assesses which countries of UNASUR have been converging towards a South American monetary union to draw implications for policy making.
(Author portrait)
Behrens, LinaLina Behrens currently works for the not for profit Social Finance in London. Prior to this, Lina worked for The Boston Consulting Group, the UN Refugee Agency and GIZ. Lina holds an MPA in Public and Economic Policy from the London School of Economics as well as a BA in Economics and a BA in International Affairs from the University of St.Gallen.
