TY  - BOOK
AU  - Hurtado, Carlos
PY  - 2014
DA  - 2014//
TI  - Euro Experience and Lessons for Latin America
T3  - Economic premise 92
PB  - World Bank
CY  - Washington, DC
KW  - ACCOUNT DEFICITS
KW  - AGGREGATE EXPENDITURE
KW  - AGGREGATE EXPENDITURES
KW  - ASSETS
KW  - BALANCE SHEETS
KW  - BANKING UNION
KW  - BANKRUPTCY
KW  - BANKRUPTCY LAWS
KW  - BOND
KW  - BOND YIELDS
KW  - BONDS
KW  - BUDGET AUTHORITY
KW  - CAPITAL FLOWS
KW  - CAPITAL INFLOWS
KW  - CAPITAL LOSSES
KW  - CENTRAL BANK
KW  - COMMODITY
KW  - COMMON CURRENCY
KW  - COMPETITIVENESS
KW  - COST REDUCTIONS
KW  - CREDIBILITY
KW  - CREDIT MARKETS
KW  - CROSS-BORDER TRANSACTIONS
KW  - CURRENCY ZONE
KW  - CURRENT ACCOUNT
KW  - CURRENT ACCOUNT BALANCE
KW  - CURRENT ACCOUNT DEFICITS
KW  - DEBT OF COUNTRIES
KW  - DEBT OVERHANGS
KW  - DEBTS
KW  - DECISION MAKING
KW  - DEVELOPMENT BANK
KW  - DOMESTIC CURRENCY
KW  - DUTCH DISEASE
KW  - ECONOMIC DOWNTURN
KW  - ECONOMIC GROWTH
KW  - ECONOMIC OUTLOOK
KW  - ECONOMIC POLICY
KW  - ECONOMIC THEORY
KW  - EMERGING ECONOMIES
KW  - EURO ZONE
KW  - EXPENDITURE INCREASE
KW  - EXPENDITURES
KW  - EXPORTS
KW  - FINANCIAL CRISIS
KW  - FINANCIAL MARKETS
KW  - FINANCIAL SECTOR
KW  - FISCAL ACCOUNTS
KW  - FISCAL ADJUSTMENT
KW  - FISCAL BALANCE
KW  - FISCAL DEFICITS
KW  - FISCAL POLICIES
KW  - FISCAL SUSTAINABILITY
KW  - FIXED EXCHANGE RATE
KW  - GDP
KW  - GDP PER CAPITA
KW  - GROSS DOMESTIC PRODUCT
KW  - GROSS NATIONAL PRODUCT
KW  - ILLIQUIDITY
KW  - INCOME
KW  - INDEBTEDNESS
KW  - INDIVIDUAL CURRENCY
KW  - INFLATION
KW  - INTEREST RATES
KW  - INTERNATIONAL ECONOMICS
KW  - INVESTMENT EXPENDITURE
KW  - JUDICIAL SYSTEMS
KW  - LENDER
KW  - LENDER OF LAST RESORT
KW  - LIQUIDITY
KW  - LIQUIDITY PROBLEMS
KW  - LOSS OF COMPETITIVENESS
KW  - MONETARY UNION
KW  - NET PUBLIC DEBT
KW  - NOMINAL DEVALUATION
KW  - PENSION
KW  - PENSION REFORM
KW  - PENSIONS
KW  - PER CAPITA INCOME
KW  - POVERTY REDUCTION
KW  - PRIVATE DEBT
KW  - PROPERTY RIGHTS
KW  - PUBLIC DEBT
KW  - PUBLIC EXPENDITURE
KW  - PUBLIC FINANCES
KW  - PURCHASING POWER
KW  - PURCHASING POWER PARITY
KW  - QUALITY OF EDUCATION
KW  - REAL DEPRECIATION
KW  - REAL ESTATE
KW  - REAL EXCHANGE RATE
KW  - REAL EXCHANGE RATE APPRECIATION
KW  - REAL GDP
KW  - REAL INCOME
KW  - RECESSION
KW  - RETURN
KW  - SLOW GROWTH
KW  - SMALL ECONOMIES
KW  - SOCIAL SECURITY
KW  - SOCIAL WELFARE
KW  - SOVEREIGN DEBT
KW  - SOVEREIGN RISK
KW  - STRONG CAPITAL INFLOWS
KW  - STRUCTURAL DEFICIT
KW  - STRUCTURAL PROBLEMS
KW  - SUPERVISION MECHANISMS
KW  - SURPLUSES
KW  - TAX
KW  - TAX REGIMES
KW  - TERMS OF CAPITAL
KW  - TRADABLE GOODS
KW  - TRADE INTEGRATION
KW  - TREASURY
KW  - UNCERTAINTY
KW  - UNEMPLOYMENT
KW  - WAGES
KW  - WORLD ECONOMY
AB  - 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.
UR  - http://hdl.handle.net/10986/17077
LA  - English
ID  - 797617469
ER  -