Creel, Jérôme; Laurent, Éloi; Cacheux, Jacques Le - In: Revue de l'OFCE 100 (2007) 1, pp. 7-30
Exchange rate policy is of primordial economic importance given its impact on price stability, real growth and regional cohesion. In this article, we argue that the euro area thus needs a true exchange rate policy, to which it is entitled by law, but that it finds itself unable to implement for...