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Degré d’asymétrie du SME et politiques monétaires en Europe

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  • Patrick ARTUS

    (Caisse des Dépôts et Consignations, Paris)

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    Abstract

    Nous examinons l'effet de la situation économique de l'Allemagne après la réunification sur les taux d'intérêt en Europe et sur les taux de change vis-à-vis du dollar. Nous nous demandons en particulier ce qu'est la perspective la plus probable pour les parités, l'écart de taux d'intérêt entre le franc et le mark et les dettes extérieures. Nous analysons la possibilité pour la France de mener une politique monétaire indépendante sans quitter le S.M.E. Cette possibilité dépend largement, nous le verrons, de la nature du risque de change entre franc, mark et dollar.

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    Bibliographic Info

    Paper provided by Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES) in its series Discussion Papers (REL - Recherches Economiques de Louvain) with number 1995012.

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    Length: 25
    Date of creation: 01 Mar 1995
    Date of revision:
    Handle: RePEc:ctl:louvre:1995012

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