Advanced Search
MyIDEAS: Login to save this article or follow this journal

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

Contents:

Author Info

  • Christian Aubin
  • Jacques Léonard
  • Philippe Norel
Registered author(s):

    Abstract

    [fre] La naissance de l'euro permet d'envisager la coexistence de deux monnaies internationales. Cet article traite des discordances entre structure de demande et structure d'offre de la liquidité internationale dans un régime bipolaire. Nous montrons que le processus d'ajustement nécessaire à la stabilisation du change n'est jamais neutre vis-à-vis de la liquidité internationale. Nous en déduisons une règle de partage de la charge d'ajustement entre les émetteurs qui limite les effets induits sur l'alimentation en liquidité. [eng] International liquidity generation and exchange rate stabilization in a bipolar international regime. . 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.

    Download Info

    If 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.
    File URL: http://www.persee.fr/web/revues/home/prescript/article/reco_0035-2764_2001_num_52_2_410322
    Download Restriction: Data and metadata provided by Persée are licensed under a Creative Commons "Attribution-Noncommercial-Share Alike 3.0" License http://creativecommons.org/licenses/by-nc-sa/3.0/

    File URL: http://www.persee.fr/articleAsPDF/reco_0035-2764_2001_num_52_2_410322/reco_0035-2764_2001_num_52_2_410322.pdf?mode=light
    Download Restriction: Data and metadata provided by Persée are licensed under a Creative Commons "Attribution-Noncommercial-Share Alike 3.0" License http://creativecommons.org/licenses/by-nc-sa/3.0/

    As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

    Bibliographic Info

    Article provided by Programme National Persée in its journal Revue économique.

    Volume (Year): 52 (2001)
    Issue (Month): 2 ()
    Pages: 371-388

    as in new window
    Handle: RePEc:prs:reveco:reco_0035-2764_2001_num_52_2_410322

    Note: DOI:10.2307/3503054
    Contact details of provider:
    Web page: http://www.persee.fr/web/revues/home/prescript/revue/reco

    Related research

    Keywords:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:prs:reveco:reco_0035-2764_2001_num_52_2_410322. See general 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: (Equipe PERSEE).

    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.