Taux de change et régions : un cadre conceptuel pour anticiper l'euro
AbstractThe impact in the long run of exchange rate is differentiated between the regions of a country or of a monetary zone. Nevertheless, very few theoretical or empirical work has been done in that field. On the one hand, standard international trade theory considers the national space as being homogenous. On the other hand, work on regional production systems do not integrate macroeconomic variables like the exchange rate. In a complementary approach, MUNDELL (1961) considered that an optimal monetary zone should encompass regions who react in a symmetric way to external chocks. Otherwise, unfavoured regions would endure significant adjustment costs. This idea is fundamental. Nevertheless, this article addresses rather its corollaries. Given that a currency is used by a set of regions who react in an asymmetric way to exchange rates evolution, how do these regions adapt in the long run ? A typology of expected impacts is built. These questions are essential in the context of european monetary integration. How will real production systems react in the long run as they can no longer rely on exchange rates adaptations between european markets ? Classification JEL : F310, R110, R300, R380, R510.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Armand Colin in its journal Revue d’Économie Régionale & Urbaine.
Volume (Year): décembre (2001)
Issue (Month): 5 ()
Contact details of provider:
Web page: http://www.cairn.info/revue-d-economie-regionale-et-urbaine.htm
exchange rate; structural adjustment; regional production systems;
Find related papers by JEL classification:
- F31 - International Economics - - International Finance - - - Foreign Exchange
- R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
- R30 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Production Analysis, and Firm Location - - - General
- R38 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Production Analysis, and Firm Location - - - Government Policy; Regulatory Policy
- R51 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Finance in Urban and Rural Economies
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jean-Baptiste de Vathaire).
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.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.