[fre] Depuis 1999, le débat sur l’adéquation de la zone euro aux critères d’une ZMO n’est plus de mise. Il n’en subsiste pas moins un débat sur les risques d’une politique monétaire unique one size fits all conduite dans une zone économique et financière encore hétérogène....

[eng] From the EMS to a Single Currency . An Analysis of the Monetary Aspects of the Treaty . Advocated by its instigators as creating a stable zone in Europe, the EMS has mainly strengthened the alignment of European economies with a low-inflation growth model. In the early 1990s, the EMS...

Is the international financial architecture debate over? Not according to leading experts gathered together in this impressive volume who try to identify the key trends that will fashion the international financial system in the years ahead. As history has shown, the evolution of the...

[eng] Franc Zone : a strong monetary area nearing economic integration . This article deals with original characteristics of Franc Zone which proved its capability to evolve with the member states' economies since it was created in 1939. Moreover, the peg of CFA and Comorian Francs to the euro...

[eng] For this issue focused on the euro, each author has been asked to answer the following question : « What do you believe will be the main developments that are likely to affect, and possibly transform, the euro area and its functioning over the next ten years ? ». The whole set of...

[eng] Running Economic Policies and the EMU Policy Mix . The Maastricht Treaty imposes rules of strict budgetary discipline and increased supervision on its members. Yet it barely changes the institutional context of economic policies, whose framework has remained relatively open. . The Member...