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La concurrence sociale va-t-elle remplacer la concurrence par les taux de change ?

Patrick Artus

Annals of Economics and Statistics, 1997, issue 48, 83-100

Abstract: We analyze the cases in which it is possible that fixing exchange rates or entering a monetary union is an incentive for the countries, which lose the possibility of using the exchange rate as a policy instrument, to reduce in a non-coordinated way the cost of labor or the level of welfare.

Date: 1997
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