CONTRAT OPTIMAL EN ZONE MONETAIRE HETEROGENE: Cas de la Zone Franc

OPTIMAL CONTRACT IN HETEROGENEOUS ECONOMIC MONETARY UNION:case of zone Franc

Christophe Raoul Besso and Célestin Chameni Nembua

MPRA Paper from University Library of Munich, Germany

Abstract: This study analyzes impact of stability and growth pact in Economics Monetary Union. We analyze the interaction of fiscal and monetary policies in the economic and monetary union. The aim was analyzed macroeconomics adjustment under non-cooperative and cooperative fiscal policy design in the Economic Monetary Union. In conclusion, cooperative case is better than non-cooperative case, but if we introduce stringency requirements like the stability and growth pact in the non-cooperative case, it become optimal like cooperative case.

Keywords: convergence; cooperative fiscal policy; central Bank; monetary union (search for similar items in EconPapers)
JEL-codes: C61 C7 E6 E63 (search for similar items in EconPapers)
Date: 2013-05-28
New Economics Papers: this item is included in nep-afr
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