[eng] The Maastricht Treaty has emphasised that « convergence » criteria were holy principles for a successful completion of monetary unification. From this respect, the experience of the «classical» gold standard of the late nineteenth century might have interesting lessons for us, because...

[fre] La célébration du cinquantième anniversaire de la création du système de Bretton Woods invite à replacer les évolutions récentes du Système Monétaire Européen dans une perspective historique. Dans le passé, les arrangements monétaires internationaux ont été de trois types. A...

[eng] Common Currency, Decentralization and Inflation : is the « Westphalian Model » relevant ? Marc Flandreau Is there a systematic relation between the organization of the decision making process within a monetary union and the average inflation rate that this union tends to produce ? More...