Prerequisites for creating a monetary union in UNASUR

Focusing on the feasibility of a stable monetary union among UNASUR members, the book employs a model to create an optimum currency area (OCA) index relative to Brazil. It evaluates the convergence of UNASUR countries towards a potential South American monetary union, drawing comparisons with the European Monetary Union. The analysis aims to provide insights for policymakers regarding the economic conditions necessary for successful monetary integration in the region.