TY  - BOOK
AU  - Fiess,Norbert
AU  - Fiess,Norbert
TI  - Business Cycle Synchronization And Regional Integration: A Case Study For Central America 
PY  - 2005///
CY  - Washington, D.C.
PB  - The World Bank
KW  - Business Cycle
KW  - Business Cycle Fluctuations
KW  - Business Cycle Synchronization
KW  - Business Cycles
KW  - Business Environment
KW  - Business in Development
KW  - Competitiveness and Competition Policy
KW  - Currency
KW  - Deeper Trade Integration
KW  - Free Trade
KW  - Free Trade Area
KW  - Impact Of Trade
KW  - Industrial Production
KW  - Industry Trade
KW  - International Economics & Trade
KW  - Monetary Policy
KW  - Private Sector Development
KW  - Public Sector Development
KW  - Regional Integration
KW  - Regional Trade
KW  - Specialization
KW  - Trade Agreement
KW  - Trade Expansion
KW  - Trade Intensity
KW  - Trade Structure
N2  - In early January 2003, the United States and Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua launched official negotiations for the Central American Free Trade Agreement (CAFTA), a treaty that would expand NAFTA-style trade barrier reductions to Central America. With deeper trade integration between Central America and the United States, it is expected that there will be closer links in business cycles between Central American countries and the United States. The paper finds a relatively low degree of business cycle synchronization within Central America as well as between Central America and the United States. The business cycle synchronization is expected to increase only modestly with further trade expansion, making the coordination of macroeconomic policies within CAFTA somewhat less of a priority
UR  - http://elibrary.worldbank.org/doi/book/10.1596/1813-9450-3584
ER  -