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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World Bank, Washington, DC
2014
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Online Access: | http://documents.worldbank.org/curated/en/2012/10/16818700/euro-experience-lessons-latin-america http://hdl.handle.net/10986/17077 |
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okr-10986-170772021-04-23T14:03:33Z The Euro Experience and Lessons for Latin America Hurtado, Carlos 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 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) promotes growth and being closed (to trade) deters it. Trade theory also concludes that (trade) integration is beneficial to all countries, large and small, and that small economies are likely to benefit relatively more from integration. This note reviews the development of the European Union's euro zone and its impacts on growth and finds lessons that can be useful for Latin America. 2014-02-18T21:37:20Z 2014-02-18T21:37:20Z 2012-10 http://documents.worldbank.org/curated/en/2012/10/16818700/euro-experience-lessons-latin-america http://hdl.handle.net/10986/17077 English en_US Economic premise;no. 92 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Brief Publications & Research Latin America & Caribbean |
repository_type |
Digital Repository |
institution_category |
Foreign Institution |
institution |
Digital Repositories |
building |
World Bank Open Knowledge Repository |
collection |
World Bank |
language |
English en_US |
topic |
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 |
spellingShingle |
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 Hurtado, Carlos The Euro Experience and Lessons for Latin America |
geographic_facet |
Latin America & Caribbean |
relation |
Economic premise;no. 92 |
description |
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) promotes growth and being
closed (to trade) deters it. Trade theory also concludes
that (trade) integration is beneficial to all countries,
large and small, and that small economies are likely to
benefit relatively more from integration. This note reviews
the development of the European Union's euro zone and
its impacts on growth and finds lessons that can be useful
for Latin America. |
format |
Publications & Research :: Brief |
author |
Hurtado, Carlos |
author_facet |
Hurtado, Carlos |
author_sort |
Hurtado, Carlos |
title |
The Euro Experience and Lessons for Latin America |
title_short |
The Euro Experience and Lessons for Latin America |
title_full |
The Euro Experience and Lessons for Latin America |
title_fullStr |
The Euro Experience and Lessons for Latin America |
title_full_unstemmed |
The Euro Experience and Lessons for Latin America |
title_sort |
euro experience and lessons for latin america |
publisher |
World Bank, Washington, DC |
publishDate |
2014 |
url |
http://documents.worldbank.org/curated/en/2012/10/16818700/euro-experience-lessons-latin-america http://hdl.handle.net/10986/17077 |
_version_ |
1764435113621323776 |