Is There a Common Market for a Hard Currency?

Argentina, Brazil and Uruguay will have to align fiscal policy. They'll need a large IMF reserve to help them create their own currency. John Defterios: This is like this is my stuff, you know, but I'm not being Novak Djokovic. He's thinking about Mundell and Fleming and monetary theory on the optimal currency area. You're a bit more like Mac and Ronan than we thought!