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L'unification allemande à la lumière de la théorie des zones monétaires optimales

Abstract : Through the case of Germany's economic and monetary reunification, the purpose of this thesis is to attempt to identify a criterion in order to link the field of analysis of optimum currency areas to the realm of political choices, which were the main drivers of Germany's reunification. It is comprised of three parts. A first part shows how the strategy of reunification through the immediate introduction of the deutsche Mark in East Germany partook of Germany's tradition of initiating a political unification by resorting to monetary instruments. A second part intends to explain Germany's currency reunification in the light of the theory of optimum currency areas developped by Mundell [1961], Mc Kinnon [1963], Kennen [1969] and Ingram [1969]. It shows that, although the region formed by the two Germanys did not meet the classic criteria of an optimum currency area, it did fulfil the homogeneity of preferences condition as set by Cooper [1977] and Kindleberger [1986]. A third part overturns the classic conception of optimum currency areas. Based on Germany's experience of monetary unification, it enriches the notion of praticable monetary areas. Whereas the Bourguinat [1992] the homogeneity of preferences is a sufficient condition for the developement of a monetary union, the criteria set by Mundelle [1961] and his successors are the necessary conditions. For the monetary union built upon preferences common to the union's member to the praticable, economic policies must drive it to meet the traditionnal criteria set in the theory of optimum currency areas.
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Submitted on : Tuesday, April 24, 2018 - 4:07:02 PM
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Annick Steta. L'unification allemande à la lumière de la théorie des zones monétaires optimales. Economies et finances. Université Nancy 2, 2006. Français. ⟨NNT : 2006NAN20011⟩. ⟨tel-01776839⟩



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