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Quels régimes de change pour les marchés émergents ? Les solutions de coins en question

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  • Jean-Pierre Allegret

    (GATE - Groupe d'analyse et de théorie économique - UL2 - Université Lumière - Lyon 2 - ENS LSH - Ecole Normale Supérieure Lettres et Sciences Humaines - CNRS - Centre National de la Recherche Scientifique)

Abstract

Les crises de change des années 90 se sont produites dans un contexte d'intégration financière internationale croissante. Elles ont relancé le débat relatif au choix du régime de change. Le triangle éternel de Krugman (1998) permet de comprendre les termes de ce débat. Ce triangle représente les trois attributs du système monétaire international, à savoir l'ajustement, la confiance et la liquidité.

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  • Jean-Pierre Allegret, 2007. "Quels régimes de change pour les marchés émergents ? Les solutions de coins en question," Post-Print halshs-00258333, HAL.
    • Handle: RePEc:hal:journl:halshs-00258333
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00258333
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    Cited by:

    1. Layal Mansour, 2014. "The Power of International Reserves: the impossible trinity becomes possible," Working Papers halshs-01054614, HAL.

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    More about this item

    Keywords

    Soft peg; Hard peg; Corner solution; Inflation targeting;
    All these keywords.

    JEL classification:

    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics

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