La question des incidences externes de l'union monétaire européenne a longtemps été un sujet de préoccupation quasi-exclusivement français. Elle fait depuis peu l'objet d'un intérêt croissant hors d'Europe. En se dotant d'une monnaie commune, les pays de l'UE mettront en effet à...

Though the renminbi is not yet convertible, the international monetary regime has already started to move towards a 'multipolar' system, with the dollar, the Chinese currency and the euro as its key likely pillars. This shift corresponds to the long-term evolution of the balance of economic...

Reform of the international monetary system is under discussion after three decades of apathy. However, in the short term, there is little chance of a grand redesign of the international monetary system. Nevertheless, concrete steps should be taken. First, consensus is needed on exchange rates,...

[fre] L'euro et la stabilité des taux de change. Une analyse théorique. . À l'aide d'un modèle théorique à trois pays, cet article montre que l'unification monétaire européenne pourrait entraîner une variabilité accrue du dollar vis-à-vis de l'ensemble des monnaies européennes, par...

In 2009 the global economy switched from recession to recovery. However, the pace of the recovery has been very different in different parts of the world, with the divergence between emerging and mature economies becoming greater than expected. Europe and emerging Asia are in this respect in...

Though the renminbi is not yet convertible, the international monetary regime has already started to move towards a 'multipolar' system, with the dollar, the euro and the renminbi as its key likely pillars. This shift corresponds to the long-term evolution of the balance of economic weight in...