Economic and monetary union
[EUSL2511]
[30h] 5 credits
This course is taught in the 2d semester.
Teacher(s):
Language: French
Level: Second
Aims
Main themes
The theoretical foundations of this process will also be looked at in order to analyse the issues at stake, the benefits and the problems resulting from monetary and financial integration.
Content and teaching methods
- International context of the European integration: analysis of the Bretton Woods system, fixed and floating exchange rates, international role of the euro;
- Stages of European monetary integration;
- Stages of European financial integration: free movement of capital, development of the financial services market, impetus given by the single currency;
- Specific issues related to the functioning of EMU: centralised monetary policy combined with decentralised fiscal policies; stability and growth pact constraints; differences in economic circumstances and asymmetric shocks.
Other information (prerequisite, evaluation (assessment methods), course materials recommended readings, ...)
Language: French.
Prerequisite: none.
Evaluation: written or oral examination.
Support: to be determined by the professor in charge.
References: to be determined by the professor in charge.