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La théorie des ZMO s'applique-t-elle aux pays en développement?

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  • Brahim Razgallah

    (CERSEI-3DI Université Panthéon-Assas Paris II)

Abstract

La théorie des zones monétaires optimales avait l’avantage de présenter le choix d’un régime de change en terme d’une analyse coûts-bénéfices. Elle s’est cantonnée à l’aspect asymétrique des chocs tout en évacuant l’aspect structurel. Cet article se propose de réexaminer la théorie et de démontrer l’importance du niveau de développement dans l’adoption d’une monnaie unique. Il sera démontré que l’analyse théorique supposait implicitement l’homogénéité structurelle des pays de la zone monétaire.

Suggested Citation

  • Brahim Razgallah, 2004. "La théorie des ZMO s'applique-t-elle aux pays en développement?," International Finance 0403003, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpif:0403003
    Note: Type of Document - Acrobat PDF; prepared on win2000; to print on Laserjet 2200; pages: 24. Pdf submitted via ftp
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    References listed on IDEAS

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    Keywords

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    JEL classification:

    • F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions

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