Aubin, Christian; Léonard, Jacques; Norel, Philippe - In: Revue économique 52 (2001) 2, pp. 371-388
The upsurge of the euro opens the possibility that two international currencies coexist. This paper focuses on the potential discordance between the demand and supply structures of international liquidity within a bipolar monetary regime. We show that the adjustment process intended to stabilize...