00791nam a2200121Ia 450000500170000010000230001724500580004026000090009852005200010758300190062794200060064699900170065220260716043331.0  aCACERES, Luis Rene  aCentral American integration: its costs and benefits.  c1994  aIdentifies increased economic growth, industrialization based on intra-industry trade, and greater competition in a broader subregional market as significant benefits of economic integration for Central American countries.  Costs of integration stem from the inter-country monetary flows occasioned by currency arbitrage, currency substitution, and the high transaction costs associated with inconvertibility.  Calls for the establishment of coordination schemes that reach beyond the realm of macroeconomic policy.  c3/7/00kM2LMGR  cA  c45086d45086