Silva, André de CastroCarrillo, David Alejandro Gómez2022-07-292022-07-292022-01-132021-12-17http://hdl.handle.net/10362/142664Recent legislations for human capital mobility as well as existing pacts for international cooperation and trade unions between a set of Latin American countries arises judgments of whether it would be beneficial a monetary union among Bolivia, Chile, Colombia, Ecuador and Peru. Data covering the period from 2005 to 2019 and the use of VAR techniques for a macro-econometric analysis indicates that macroeconomic shocks between this set of countries are symmetric enough to indicate that a monetary union between this countries should be further analyzed. The same analysis was done between the five Latin American countries and the United States for the option of a dollarization as a way of union, but in this case macroeconomic shocks were sufficiently asymmetric to rather not advise a dollarization of this countries.engMonetary economicsMonetary & exchange rate arrangementsMonetary policyTrade Unionsmaster thesis203021363