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Confiance et ajustement dans les régimes d'étalon-or et de caisse d'émission

Author

Listed:
  • Jean-Baptiste Desquilbet

    (LEO - Laboratoire d'économie d'Orleans [2008-2011] - UO - Université d'Orléans - CNRS - Centre National de la Recherche Scientifique)

  • Nikolay Nenovsky

    (LEO - Laboratoire d'économie d'Orleans [2008-2011] - UO - Université d'Orléans - CNRS - Centre National de la Recherche Scientifique)

Abstract

It is often maintained that currency boards and gold standards are alike in that they are stringent monetary rules, the two basic features of which are high credibility of monetary authorities and the existence of an automatic adjustment (non discretionary) mechanism. This article includes a comparative analysis of these two types of regimes (1) from the perspective of the sources confidence, namely convertibility, endogeneity and the international context, and (2) looking at the operation of the adjustment mechanism, more specifically the financial environment, automatism, and asymmetry.

Suggested Citation

  • Jean-Baptiste Desquilbet & Nikolay Nenovsky, 2005. "Confiance et ajustement dans les régimes d'étalon-or et de caisse d'émission," Post-Print halshs-00008096, HAL.
    • Handle: RePEc:hal:journl:halshs-00008096
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00008096
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    Cited by:

    1. Souleymane NDAO & Nikolay Nenovsky, 2020. "External Dependence of the African Franc CFA zone. Empirical Investigations on Money Supply Process," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 3, pages 357-367, September.
    2. Moustapha Aman, 2020. "Currency Board enjeux, mécanismes et limites," Working Papers hal-02975186, HAL.

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