TY - BOOK AU - Rodlauer,Markus AU - Schipke,Alfred TI - Central America: Global Integration and Regional Cooperation T2 - Occasional Papers; Occasional Paper SN - 1589064461 : SN - 0251-6365 PY - 2005/// CY - Washington, D.C. PB - International Monetary Fund KW - Exchange Rate Regime KW - imf KW - Exchange Rate Regimes KW - Exchange Rate KW - Free Trade KW - Trade Diversion KW - Costa Rica KW - Dominican Republic KW - El Salvador KW - Nicaragua KW - United States N2 - Central America has received growing attention as a region that is integrating successfully into the global economy. This paper examines-among other things-the macroeconomic and fiscal implications of the Free Trade Agreement with the United States (CAFTA-DR), noting that the agreement will provide a boost to the integration process. To maximize the benefits in terms of faster sustainable growth, poverty reduction, and social progress, however, the region also needs to press ahead with ambitious structural reforms to entrench macroeconomic stability and ensure an attractive environment for investment, while stepping up regional cooperation in the areas of taxes and tax administration, financial systems, and statistics UR - http://elibrary.imf.org/view/IMF084/01134-9781589064461/01134-9781589064461/01134-9781589064461.xml UR - http://www.imfbookstore.org/IMFORG/9781589064461 ER -