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La convergence est-elle nécessaire à la création d'une zone monétaire ? Réflexions sur l'étalon or 1880-1914

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  • Marc Flandreau
  • Jacques Le Cacheux

    (OFCE)

Abstract

La convergence est-elle nécessaire à la création d’une zone monétaire ? Le traité de Maastricht a répondu par l’affirmative en faisant d’un certain nombre de critères formels portant sur le niveau des dettes publiques, des déficits, des taux d’intérêt à long terme et des rythmes d’inflation, des conditions préalables à la formation d’un noyau Euro, ainsi qu’à l’admission ultérieure de nouveaux membres. Il y aurait ainsi une « zone d’acceptabilité » vers laquelle la convergence serait indispensable avant de pouvoir procéder plus avant.

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Paper provided by Sciences Po in its series Sciences Po publications with number info:hdl:2441/2502.

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Date of creation: Jul 1996
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Publication status: Published in Revue de l'OFCE, 1996, pp.1-37
Handle: RePEc:spo:wpmain:info:hdl:2441/2502

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  1. Neal, Larry, 1985. "Integration of International Capital Markets: Quantitative Evidence from the Eighteenth to Twentieth Centuries," The Journal of Economic History, Cambridge University Press, vol. 45(02), pages 219-226, June.
  2. Feldstein, Martin & Horioka, Charles, 1980. "Domestic Saving and International Capital Flows," Economic Journal, Royal Economic Society, vol. 90(358), pages 314-29, June.
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Cited by:
  1. Antoine Parent & Christophe Rault, 2005. "The Influences Affecting French Assets Abroad Prior 1914," Documents de recherche 05-14, Centre d'Études des Politiques Économiques (EPEE), Université d'Evry Val d'Essonne.

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