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Les positions compétitives en Europe à la veille de l'Union monétaire

Author

Listed:
  • Jacky Fayolle

    (Centre Etudes & Prospective - Groupe ALPHA)

  • Catherine Mathieu

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

Abstract

Lorsque les onze pays européens qui en ont décidé entreront en union monétaire le 1er janvier 1999, les parités nominales entre leurs monnaies seront irrévocablement gelées, aux taux de conversion annoncés début mai. Mais cette décision ne signifie pas que les parités réelles entre les membres de l'Union monétaire ne varieront plus. La parité réelle entre deux pays membres désigne les niveaux comparés de leurs prix, exprimés en une unité commune : hier, ce pouvait être l'une des monnaies nationales, l'ECU ou le dollar, demain ce sera tout naturellement l'euro (...).

Suggested Citation

  • Jacky Fayolle & Catherine Mathieu, 1998. "Les positions compétitives en Europe à la veille de l'Union monétaire," SciencePo Working papers Main hal-01010672, HAL.
    • Handle: RePEc:hal:spmain:hal-01010672
    Note: View the original document on HAL open archive server: https://hal-sciencespo.archives-ouvertes.fr/hal-01010672
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    Cited by:

    1. Michel Aglietta & Jacques Le Cacheux, 2000. "La France et l'Italie face à leur destin européen," Revue de l'OFCE, Programme National Persée, vol. 74(1), pages 131-158.
    2. Céline Antonin & Christophe Blot & Sabine Le Bayon & Catherine Mathieu, 2013. "La quête de la compétitivité ouvre la voie de la déflation," Post-Print hal-03470596, HAL.

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