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Taux de change fixes et migrations internationales. L'Étalon-or à l'aune de la théorie des zones monétaires optimales

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  • David Khoudour-Castéras

Abstract

This article is in keeping with the optimum currency areas theory. Its main goal is to show how the international migrations, which occurred before the First World War, made the adjustment easier in the countries that opted for linking up their currency with gold. Actually, mass migrations during the ?classical? Gold Standard period, albeit primarily induced by long-term factors, registered fluctuations that frequently correspond to variations in economic activity and unemployment rates. Therefore, international migrations probably contributed to the good running of Gold Standard.

Suggested Citation

  • David Khoudour-Castéras, 2002. "Taux de change fixes et migrations internationales. L'Étalon-or à l'aune de la théorie des zones monétaires optimales," Revue de l'OFCE, Presses de Sciences-Po, vol. 82(3), pages 83-116.
  • Handle: RePEc:cai:reofsp:reof_082_0083
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    1. repec:hal:wpspec:info:hdl:2441/f4rshpf3v1umfa09lat1n0o44 is not listed on IDEAS
    2. repec:spo:wpecon:info:hdl:2441/f4rshpf3v1umfa09lat1n0o44 is not listed on IDEAS
    3. David Khoudour-Casteras, 2005. "Migrations internationales, régimes de change et politiques sociales : un nouveau trilemme de politique économique ?," Sciences Po publications info:hdl:2441/f4rshpf3v1u, Sciences Po.
    4. repec:hal:spmain:info:hdl:2441/f4rshpf3v1umfa09lat1n0o44 is not listed on IDEAS

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