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The EURO as a Stabilizing and Harmonizing Force in the International Monetary System: Analytical Foundations and Future Prospects

Author

Listed:
  • Jean-Pierre Allegret

    (Universite Lumiere (Lyon 2), Faculte de Sciences Economiques
    Groupe d'Analyse et de Theorie Economique, CNRS)

  • Rene Sandretto

    (Universite Lumiere (Lyon 2))

Abstract

This article develops the idea that, in the long run, the euro should exert a stabilizing influence, contributing to the creation of a co-operative monetary regime favorable to greater stability. This forecast requires a reformulation of the theory of hegemonic stability, which is provided in the article.

Suggested Citation

  • Jean-Pierre Allegret & Rene Sandretto, 2002. "The EURO as a Stabilizing and Harmonizing Force in the International Monetary System: Analytical Foundations and Future Prospects," Eastern Economic Journal, Eastern Economic Association, vol. 28(1), pages 105-120, Winter.
    • Handle: RePEc:eej:eeconj:v:28:y:2002:i:1:p:105-120
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    Keywords

    Monetary Regime; Monetary System; Monetary;
    All these keywords.

    JEL classification:

    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements

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