IDEAS home Printed from https://ideas.repec.org/a/cai/recosp/reco_522_0371.html
   My bibliography  Save this article

Formation de la liquidité internationale et stabilisation du change dans un régime international bipolaire

Author

Listed:
  • Christian Aubin
  • Jacques Léonard
  • Philippe Norel

Abstract

The upsurge of the euro opens the possibility that two international currencies coexist. This paper focuses on the potential discordance between the demand and supply structures of international liquidity within a bipolar monetary regime. We show that the adjustment process intended to stabilize exchange rates is never neutral with respect to international liquidity. Controlling the effects of such a process on the dynamics of liquidity requires a specific rule between international currency issuers to share the burden of adjustment. Classification JEL : F33, F42

Suggested Citation

  • Christian Aubin & Jacques Léonard & Philippe Norel, 2001. "Formation de la liquidité internationale et stabilisation du change dans un régime international bipolaire," Revue économique, Presses de Sciences-Po, vol. 52(2), pages 371-388.
    • Handle: RePEc:cai:recosp:reco_522_0371
    as

    Download full text from publisher

    File URL: http://www.cairn.info/load_pdf.php?ID_ARTICLE=RECO_522_0371
    Download Restriction: free
    File URL: http://www.cairn.info/revue-economique-2001-2-page-371.htm
    Download Restriction: free
    ---><---

    More about this item

    JEL classification:

    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cai:recosp:reco_522_0371. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Jean-Baptiste de Vathaire (email available below). General contact details of provider: https://www.cairn.info/revue-economique.htm .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.