Edited by Philip Arestis, University Director of Research, Cambridge Centre for Economic and Public Policy, Department of Land Economy, University of Cambridge and Fellow, Wolfson College, UK and Luiz Fernando de Paula, Professor of Economics, Institute of Economics, Federal University of Rio de Janeiro, Brazil

• Contents: Introduction Part I: Lessons from the Euro and EMU for MERCOSUR 1. Learning From, and About, EMU – A UK View 2. The Euro and the EMU: Lessons for MERCOSUR Part II: MERCOSUR Macroeconomic Policy Co-ordination 3. MERCOSUR: Why Does Monetary Union Make Sense in the Long Term? 4. Macroeconomic Coordination in MERCOSUR – A Sceptical View 5. Monetary and Exchange Rate Arrangements: A Puzzle to be Solved Among Major MERCOSUR Countries 6. Some Issues on the Financial/Monetary Integration of MERCOSUR Part III: Exchange Rate Regimes and Monetary Dilemmas for MERCOSUR 7. Financial Opening, Instability and Macroeconomic Performance in Latin America During the 1990s: Some Possible Perverse Links 8. Monetary Dilemmas: Argentina in MERCOSUR Index

Edited by Philip Arestis, University Director of Research, Cambridge Centre for Economic and Public Policy, Department of Land Economy, University of Cambridge and Fellow, Wolfson College, UK and Luiz Fernando de Paula, Professor of Economics, Institute of Economics, Federal University of Rio de Janeiro, Brazil

• Contents: Introduction Part I: Lessons from the Euro and EMU for MERCOSUR 1. Learning From, and About, EMU – A UK View 2. The Euro and the EMU: Lessons for MERCOSUR Part II: MERCOSUR Macroeconomic Policy Co-ordination 3. MERCOSUR: Why Does Monetary Union Make Sense in the Long Term? 4. Macroeconomic Coordination in MERCOSUR – A Sceptical View 5. Monetary and Exchange Rate Arrangements: A Puzzle to be Solved Among Major MERCOSUR Countries 6. Some Issues on the Financial/Monetary Integration of MERCOSUR Part III: Exchange Rate Regimes and Monetary Dilemmas for MERCOSUR 7. Financial Opening, Instability and Macroeconomic Performance in Latin America During the 1990s: Some Possible Perverse Links 8. Monetary Dilemmas: Argentina in MERCOSUR Index

Edited by Philip Arestis, University Director of Research, Cambridge Centre for Economic and Public Policy, Department of Land Economy, University of Cambridge and Fellow, Wolfson College, UK and Luiz Fernando de Paula, Professor of Economics, Institute of Economics, Federal University of Rio de Janeiro, Brazil

• Contents: Introduction Part I: Lessons from the Euro and EMU for MERCOSUR 1. Learning From, and About, EMU – A UK View 2. The Euro and the EMU: Lessons for MERCOSUR Part II: MERCOSUR Macroeconomic Policy Co-ordination 3. MERCOSUR: Why Does Monetary Union Make Sense in the Long Term? 4. Macroeconomic Coordination in MERCOSUR – A Sceptical View 5. Monetary and Exchange Rate Arrangements: A Puzzle to be Solved Among Major MERCOSUR Countries 6. Some Issues on the Financial/Monetary Integration of MERCOSUR Part III: Exchange Rate Regimes and Monetary Dilemmas for MERCOSUR 7. Financial Opening, Instability and Macroeconomic Performance in Latin America During the 1990s: Some Possible Perverse Links 8. Monetary Dilemmas: Argentina in MERCOSUR Index