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Les PECO devant la tentation de l'euro

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Author Info
Michel Aglietta
Camille Baulant
Sandra Moatti
Abstract

Les pays d'Europe centrale ont restructure leur industrie vers les marches exterieurs. Ce redeploiement n'aurait pas pu se faire sans une relative stabilite macroeconomique en depit des crises financieres dans d'autres regions du monde. Les entrees d'investissements directs et la limitation de l'endettement exterieur y ont largement contribue. En reduisant la vulnerabilite aux capitaux speculatifs, les gouvernements ont pu gerer le taux de change en s'ecartant des extremes de la fixite absolue et du flottement integral.

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File URL: http://www.cepii.fr/francgraph/publications/ecointern/rev93/rev93a.htm
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Publisher Info
Article provided by CEPII research center in its journal Economie Internationale.

Volume (Year): (2003)
Issue (Month): 1Q ()
Pages: 11-36
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Handle: RePEc:cii:cepiei:2003-1ta

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Related research
Keywords: Convergence; endettement exterieur; regimes de change;

Find related papers by JEL classification:
F31 - International Economics - - International Finance - - - Foreign Exchange
F34 - International Economics - - International Finance - - - International Lending and Debt Problems
E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

Cited by:
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  1. Wladimir Andreff, 2004. "Would a Second Transition Stage Prolong the Initial Period of Post-socialist Economic Transformation into Market Capitalism?," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 1(1), pages 7-31, June. [Downloadable!]
  2. Égert, Balázs & Lommatzsch, Kirsten, 2004. "Equilibrium exchange rates in the transition: The tradable price-based real appreciation and estimation uncertainty," BOFIT Discussion Papers 9/2004, Bank of Finland, Institute for Economies in Transition. [Downloadable!]
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This page was last updated on 2009-11-22.

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