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Banque centrale européenne et fonction de prêteur en dernier ressort


  • Laurence Scialom


[fre] Laurence Scialom Banque centrale européenne et fonction de prêteur en dernier ressort. L'objet de cet article consiste à émettre quelques suggestions quant à la mise en œuvre de la fonction de prêteur en dernier ressort dans le futur système européen de banques centrales, en mettant notamment l'accent sur la possibilité d'une certaine décentralisation des compétences dans ce domaine. Cette réflexion prend pour base l'expérience américaine, dont l'exploitation est justifiée dans la première partie de l'article par la mise en exergue des similitudes existant entre les conditions de la création du Système Fédéral de Réserve au début du siècle et celles qui prévalent actuellement en Europe. [eng] Laurence Scialom European central bank and the function of lender of last resort. This article aims to discuss some suggestions regarding the implementation of the function of lender of last resort in the futur European system of central banks. The main focus of the article will be on the possibility of a decentralisation of these responsabilities within such a system. The discussion will be based on the U.S. experience, the use of which will be justified in the first part of the article by pointing out the similarities that exist between the conditions of the creation of the Federal Reserve System at the beginning of the century, and those that are currently prevailing in Europe.

Suggested Citation

  • Laurence Scialom, 1991. "Banque centrale européenne et fonction de prêteur en dernier ressort," Revue Française d'Économie, Programme National Persée, vol. 6(1), pages 161-187.
  • Handle: RePEc:prs:rfreco:rfeco_0769-0479_1991_num_6_1_1278
    Note: DOI:10.3406/rfeco.1991.1278

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