[eng] EMS Credibility and Macroeconomic Fundamentals: An Empirical Study by Benoît Cœuré and Antoine Magnier . The connection between the credibility of the EMS parities and changes in macroeconomic fundamentals is at the core of the economic debate that started following the 1992 and 1993...

[fre] Durant les années 1980 s'est développée une vaste littérature théorique repensant l'influence des contraintes de financement et, plus largement, du processus de crédit sur les comportements des entreprises ainsi que leur rôle dans les fluctuations macro-économiques. Cette...

<alinea/> Eleven years after the creation of the euro, this article surveys the international role of the European currency. The external representation of Eurozone has not yet reached its equilibrium point, and the relative economic weight of the area is bound to diminish in future years but this has...

This book is an up-to-date, authoritative and comprehensive analysis of the key issues and challenges facing regional currency area projects in the context of financial globalization. The authors focus on several central issues that emerged during the experiences of the 1990s and 2000s: exchange...