Bulletin n. 2/2007
October 2007
CONTENTS
  • Section A) The theory and practise of the federal states and multi-level systems of government
  • Section B) Global governance and international organizations
  • Section C) Regional integration processes
  • Section D) Federalism as a political idea
    • Bourrinet Jacques
    L'impact de la monnaie unique sur les outre-mers de l'Union européenne
    in Revue de l'Union européenne/Revue du Marché Commun et de l'Union européenne , numero 510, juillet-août ,  2007 ,  444-451
    The Economic and Monetary Union plan drawn up in the early nineties and implemented since 1999 in consistent technical and economic conditions has shown that a non optimum monetary zone could be made viable both by the closer economic and trade links between its members and by the convergence sought by the economic and social cohesion policies of such a zone. The criteria of an optimum monetary zone are endogenous. They allow the inclusion of overseas districts in the Euro zone with the benefits and requirements inherent to such an option. The benefits of the Euro include the promotion of monetary stability as a priority goal, the end of floating exchanges and the removal of exchange costs within the Euro zone, an access to the world market made easier by the use of a new international currency. The requirements that come with the adoption of the Euro include the abrogation of specific monetary regimes, the constraints of a central monetary policy and the constraints resulting from the Euro zone's exchange policy.
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