Capoen, Fabrice; Creel, Jerome - Centre de recherche en Économie (OFCE), Sciences … - 2007
Stability-oriented European institutions correspond to the general prescriptions of the ‘new macroeconomics consensus …’. This contribution provides an assessment of the pros and cons of these institutions in terms of macro stabilisation and … exchange-rate swings drawing on different scenarios. We argue that the institutions which have been associated with the Euro …