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La stabilité de l'espace monétaire européen et le rôle international de l'euro


  • Faruk Ülgen

    () (CREG - Centre de recherche en économie de Grenoble - UPMF - Université Pierre Mendès France - Grenoble 2 - UGA - Université Grenoble Alpes)


La situation conflictuelle entre une difficile maîtrise des déséquilibres financiers et des comptes publics et le besoin d'une croissance créatrice d'emplois traduit la nécessité de reconsidérer certains principes fondateurs des systèmes monétaires et financiers. Dans cette perspective, la première section rappelle les principales difficultés dans la stabilisation interne et internationale de l'euro. La deuxième section étudie les caractéristiques du SMI et considère la possibilité d'un rôle positif de l'euro dans la redéfinition des conditions pour une plus grande coordination/coopération dans les relations monétaires. La conclusion présente quelques pistes de réflexion à l'aune de l'actualité de fin 2011.

Suggested Citation

  • Faruk Ülgen, 2012. "La stabilité de l'espace monétaire européen et le rôle international de l'euro," Post-Print halshs-00739876, HAL.
  • Handle: RePEc:hal:journl:halshs-00739876
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    References listed on IDEAS

    1. Stephens, Eric & Thompson, James R., 2014. "CDS as insurance: Leaky lifeboats in stormy seas," Journal of Financial Intermediation, Elsevier, vol. 23(3), pages 279-299.
    2. David Mills & Francesca Carapella, 2012. "Information insensitive securities: the benefits of central counterparties," 2012 Meeting Papers 1032, Society for Economic Dynamics.
    3. Koeppl, Thorsten & Monnet, Cyril & Temzelides, Ted, 2012. "Optimal clearing arrangements for financial trades," Journal of Financial Economics, Elsevier, vol. 103(1), pages 189-203.
    4. Thorsten Koeppl & Cyril Monnet, 2006. "Central Counterparties," 2006 Meeting Papers 513, Society for Economic Dynamics.
    5. Acharya, Viral & Bisin, Alberto, 2014. "Counterparty risk externality: Centralized versus over-the-counter markets," Journal of Economic Theory, Elsevier, vol. 149(C), pages 153-182.
    6. James R. Thompson, 2010. "Counterparty Risk in Financial Contracts: Should the Insured Worry About the Insurer?," The Quarterly Journal of Economics, Oxford University Press, vol. 125(3), pages 1195-1252.
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