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Le futur de l’euro

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  • Christian Saint-Étienne

Abstract

[fre] L’euro fête son onzième anniversaire et semble capable de s’imposer comme une alternative au dollar. Pourtant, il apparaît que la zone euro n’est pas une zone monétaire optimale, au sens de la théorie économique, et que les performances économiques des pays membres de la zone divergent de plus en plus. De plus, au lieu d’accroître la coopération entre les pays membres, la zone euro apparaît comme une zone de comportements non coopératifs, tandis que l’Union européenne à 27 est le lieu d’une concurrence fiscale et sociale de plus en plus exacerbée. Quel est l’avenir de l’euro ? À quelles conditions la zone euro pourrait-elle se consolider ? . Classification JEL : E58, F33, F36. [eng] The Future of the Euro . The Euro, at eleven years old, seems to be an alternative to the dollar. But the Euro area is not an optimal currency area and the economic results of its member States are diverging. Instead of increasing economic cooperation between the member States, the Euro area is marked by non cooperative behaviours, while the European Union sees increasing fiscal and social competition. What is the future of the Euro ? How to consolidate the Euro area ? . Classification JEL : E58, F33, F36.

Suggested Citation

  • Christian Saint-Étienne, 2010. "Le futur de l’euro," Revue d'Économie Financière, Programme National Persée, vol. 97(2), pages 185-207.
    • Handle: RePEc:prs:recofi:ecofi_0987-3368_2010_num_97_2_5398
    DOI: 10.3406/ecofi.2010.5398
    Note: DOI:10.3406/ecofi.2010.5398
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    References listed on IDEAS

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    1. Alberto Alesina & Silvia Ardagna & Vincenzo Galasso, 2011. "The Euro and Structural Reforms," Review of Economics and Institutions, Università di Perugia, vol. 2(1).
    2. Jeffrey A. Frankel, 2008. "The Estimated Effects of the Euro on Trade: Why Are They Below Historical Effects of Monetary Unions Among Smaller Countries?," NBER Working Papers 14542, National Bureau of Economic Research, Inc.
    3. Bourguinat, H., 1973. "Des moyens de l’intégration monétaire européenne," L'Actualité Economique, Société Canadienne de Science Economique, vol. 49(4), pages 521-548, octobre.
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    More about this item

    JEL classification:

    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration

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