Abstract

Coordination of economic policies among the countries participating in the
Common Market of the South (Mercosur) – Argentina, Brazil, Paraguay and Uruguay is
discussed, emphasizing exchange policies and the relationship to reginal monetary integration.
After dealing with terminology, coordination of exchange policies is examined more
specifically, taking into account that monetary integration implies some level of rigidity in
exchange rates among regional countries and of convertibility or regional moneys. Finally,
suggestion is made of possible steps to progress in coordination among Mercosur countries.

JEL Classification: F15; F55