Integration and disintegration in Mercosur: the impact of macroeconomic instability
This study examines the effect that macroeconomic instability has had on the integration process of the Common Market of the Southern Cone (Mercosur) after 1999. The thesis concludes that while the member benefited from the creation of Mercosur up until 1998 through growth in intra-regional trade and the creation of static welfare effects, macroeconomic instability has eradicated most of these ben
