The Euro Experience and Lessons for Latin America

It is natural to think, and economic theory predicts, that integration in an economic zone like Europe fosters growth and development, particularly when integration refers to trade opening among countries. It is expected that openness (to trade) pr...

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Bibliographic Details
Main Author:	Hurtado, Carlos
Format:	Brief
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	ACCOUNT DEFICITS AGGREGATE EXPENDITURE AGGREGATE EXPENDITURES ASSETS BALANCE SHEETS BANKING UNION BANKRUPTCY BANKRUPTCY LAWS BOND BOND YIELDS BONDS BUDGET AUTHORITY CAPITAL FLOWS CAPITAL INFLOWS CAPITAL LOSSES CENTRAL BANK COMMODITY COMMON CURRENCY COMPETITIVENESS COST REDUCTIONS CREDIBILITY CREDIT MARKETS CROSS-BORDER TRANSACTIONS CURRENCY ZONE CURRENT ACCOUNT CURRENT ACCOUNT BALANCE CURRENT ACCOUNT DEFICITS DEBT OF COUNTRIES DEBT OVERHANGS DEBTS DECISION MAKING DEVELOPMENT BANK DOMESTIC CURRENCY DUTCH DISEASE ECONOMIC DOWNTURN ECONOMIC GROWTH ECONOMIC OUTLOOK ECONOMIC POLICY ECONOMIC THEORY EMERGING ECONOMIES EURO ZONE EXPENDITURE INCREASE EXPENDITURES EXPORTS FINANCIAL CRISIS FINANCIAL MARKETS FINANCIAL SECTOR FISCAL ACCOUNTS FISCAL ADJUSTMENT FISCAL BALANCE FISCAL DEFICITS FISCAL POLICIES FISCAL SUSTAINABILITY FIXED EXCHANGE RATE GDP GDP PER CAPITA GROSS DOMESTIC PRODUCT GROSS NATIONAL PRODUCT ILLIQUIDITY INCOME INDEBTEDNESS INDIVIDUAL CURRENCY INFLATION INTEREST RATES INTERNATIONAL ECONOMICS INVESTMENT EXPENDITURE JUDICIAL SYSTEMS LENDER LENDER OF LAST RESORT LIQUIDITY LIQUIDITY PROBLEMS LOSS OF COMPETITIVENESS MONETARY UNION NET PUBLIC DEBT NOMINAL DEVALUATION PENSION PENSION REFORM PENSIONS PER CAPITA INCOME POVERTY REDUCTION PRIVATE DEBT PROPERTY RIGHTS PUBLIC DEBT PUBLIC EXPENDITURE PUBLIC FINANCES PURCHASING POWER PURCHASING POWER PARITY QUALITY OF EDUCATION REAL DEPRECIATION REAL ESTATE REAL EXCHANGE RATE REAL EXCHANGE RATE APPRECIATION REAL GDP REAL INCOME RECESSION RETURN SLOW GROWTH SMALL ECONOMIES SOCIAL SECURITY SOCIAL WELFARE SOVEREIGN DEBT SOVEREIGN RISK STRONG CAPITAL INFLOWS STRUCTURAL DEFICIT STRUCTURAL PROBLEMS SUPERVISION MECHANISMS SURPLUSES TAX TAX REGIMES TERMS OF CAPITAL TRADABLE GOODS TRADE INTEGRATION TREASURY UNCERTAINTY UNEMPLOYMENT WAGES WORLD ECONOMY
Online Access:	http://documents.worldbank.org/curated/en/2012/10/16818700/euro-experience-lessons-latin-america http://hdl.handle.net/10986/17077

Internet

http://documents.worldbank.org/curated/en/2012/10/16818700/euro-experience-lessons-latin-america
http://hdl.handle.net/10986/17077

The Euro Experience and Lessons for Latin America

Internet

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