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2008-07 Would a North American monetary union protect Canada and Mexico against the ravages of “Dutch disease”?

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posted on 2023-08-05, 07:49 authored by Robert BleckerRobert Blecker, Mario Seccareccia

After the formation of the North American Free Trade Agreement (NAFTA) in 1994, enthusiasts of regional integration in North America turned their attention to “deeper” forms of integration, especially a customs union or monetary union.1 Interest in proposals for deeper integration peaked around the turn of the new millennium, both north of the 49th parallel and south of the Rio Grande (Río Bravo). Although the unilateralist turn of US foreign policy under President George W. Bush since 2001 has lessened enthusiasm for deeper integration with the US in both Canada and Mexico, these sorts of proposals remain “in the air” and could easily be revived by future North American governments.

History

Publisher

American University (Washington, D.C.). Department of Economics

Language

English

Notes

Working Paper No. 2008-07. 42 pages. Forthcoming in: Gerald Epstein, Thomas Schlesinger, and Matías Vernengo, editors, The Political Economy of Monetary Policy and Financial Regulation: Essays in Honor of Jane D’Arista, Cheltenham, UK: Edward Elgar, 2009.

Handle

http://hdl.handle.net/1961/5011

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