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UEM : élus, exclus et prétendants

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  • Laurence Boone
  • Loic Cadiou
  • Bruno Coquet
  • Stéphanie Guichard

Abstract

Au moment où la Communauté s'apprête à définir les règles du futur pacte de stabilité, il est utile de recevoir sur l'ensemble du dispositif qui régira la politique économique dans l'Union monétaire. Tel qu'il se dessine actuellement, dans le cadre d'une union restreinte aux pays les plus "vertueux", il s'avère en effet fortement contraignant : les pays élus perdront non seulement la maîtrise de la politique monétaire, mais aussi, une part importante de leur marge de manœuvre budgétaire ; ceux, parmi les exclus, qui souhaiteront poursuivre la marche vers l'union monétaire, resteront quant à eux contraints par les critères du Traité, et se trouveront liés par un mécanisme de change inspiré du SMR (...).
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Laurence Boone & Loic Cadiou & Bruno Coquet & Stéphanie Guichard, 1996. "UEM : élus, exclus et prétendants," La Lettre du CEPII, CEPII research center, issue 152.
    • Handle: RePEc:cii:cepill:1996-152
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