01671cas a2200253 a 4500 AALejournalIMF003256 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451843804 1018-5941 BD-DhAAL BD-DhAAL Eichengreen, Barry. Monetary and Exchange Rate Arrangements for Nafta / Barry Eichengreen, Tamim Bayoumi. Washington, D.C. : International Monetary Fund, 1993. 1 online resource (54 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper considers the extent to which the North American Free Trade Area (NAFTA) meets the criteria for a common currency area. NAFTA is compared with the EC, a regional grouping for which initial plans for a monetary union are already in place. Most of the anticipated benefits from a monetary union in the EC apply with equal force to NAFTA. However, because the underlying disturbances are more diverse across members of NAFTA, the costs of abandoning the exchange rate instrument are likely to be higher. This is particularly true when NAFTA is compared to the EC's continental core. Mode of access: Internet Bayoumi, Tamim. IMF Working Papers; Working Paper ; No. 1993/020 Full text available on IMF http://elibrary.imf.org/view/journals/001/1993/020/001.1993.issue-020-en.xml IMF e-Library