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La convergence est-elle nécessaire à la création d'une zone monétaire ? Réflexions sur l'étalon or 1880-1914

  • Marc Flandreau

    (Centre for Finance and Development)

  • Jacques Le Cacheux


La convergence est-elle nécessaire à la création d’une zone monétaire ? Le traité de Maastricht a répondu par l’affirmative en faisant d’un certain nombre de critères formels portant sur le niveau des dettes publiques, des déficits, des taux d’intérêt à long terme et des rythmes d’inflation, des conditions préalables à la formation d’un noyau Euro, ainsi qu’à l’admission ultérieure de nouveaux membres. Il y aurait ainsi une « zone d’acceptabilité » vers laquelle la convergence serait indispensable avant de pouvoir procéder plus avant.

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Paper provided by Sciences Po in its series Sciences Po publications with number info:hdl:2441/2502.

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Date of creation: Jul 1996
Date of revision:
Publication status: Published in Revue de l'OFCE, 1996, pp.1-37
Handle: RePEc:spo:wpmain:info:hdl:2441/2502
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  1. Martin Feldstein & Charles Horioka, 1979. "Domestic Savings and International Capital Flows," NBER Working Papers 0310, National Bureau of Economic Research, Inc.
  2. Tamim Bayoumi, 1990. "Saving-Investment Correlations: Immobile Capital, Government Policy, or Endogenous Behavior?," IMF Staff Papers, Palgrave Macmillan, vol. 37(2), pages 360-387, June.
  3. Ritschl, Albrecht, 1996. "Sustainability of High Public Debt: What the Historical Record Shows," CEPR Discussion Papers 1357, C.E.P.R. Discussion Papers.
  4. Neal, Larry, 1985. "Integration of International Capital Markets: Quantitative Evidence from the Eighteenth to Twentieth Centuries," The Journal of Economic History, Cambridge University Press, vol. 45(02), pages 219-226, June.
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