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Divergences au sein de la zone euro : la centrifugeuse ?

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  • Jacques Le Cacheux

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po, CATT - Centre d'Analyse Théorique et de Traitement des données économiques - UPPA - Université de Pau et des Pays de l'Adour)

Abstract

Les disparités économiques entre pays membres de la zone euro étaient déjà très marquées lors du lancement, en 1999, de la monnaie unique européenne ; mais elles avaient eu tendance à se réduire légèrement au cours de la première décennie de son existence. La Grande récession qui a suivi la crise financière de 2008 a marqué une rupture dans cette lente convergence ; et surtout, les politiques d'ajustement mises en oeuvre à la suite de la crise des dettes souveraines ont initié un processus de divergences macroéconomiques qui risque de perdurer. Il pourrait compliquer singulièrement la tâche de la BCE et miner la légitimité du processus d'intégration économique et monétaire.

Suggested Citation

  • Jacques Le Cacheux, 2017. "Divergences au sein de la zone euro : la centrifugeuse ?," Working papers of CATT hal-01880320, HAL.
    • Handle: RePEc:hal:wpcatt:hal-01880320
    Note: View the original document on HAL open archive server: https://hal-univ-pau.archives-ouvertes.fr/hal-01880320
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    Cited by:

    1. Kebalo, Léleng, 2019. "Fiscal divergence and monetary integration in West Africa: What to draw from Darvas et al. (2005)?," Economics Discussion Papers 2019-52, Kiel Institute for the World Economy (IfW Kiel).

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