en se fondant sur notre extension du travail ingénieux de ASY, est celle-ci : l'Union monétaire devrait encourager le lissage au travers des canaux de marché. Pour autant, il est loin d'être démontré que cette contribution importante au risk-sharing européen produira rapidement une protection suffisante pour compenser l ,
« International business cycles and the ERM: Is there a European business cycle?, International Journal of Finance and Economics, vol.2, pp.1-16, 1997. ,
« Channels of inter-state risk-sharing: United States 1963-1990, Quarterly Journal of Economics, vol.111, pp.1081-1110, 1996. ,
« Risksharing within the United States: What have financial markets and fiscal federalism accomplished? », working paper, 1998. ,
« Do private capital markets insure regional risk? Evidence from the United States and Europe, Open Economies Review, vol.4, pp.303-324, 1993. ,
« A Provincial view of economic integration, IMF Staff Papers, vol.44, pp.534-556, 1997. ,
« Fiscal flows in the United States and Canada: Lessons for Monetary Union in Europe, European Economic Review, vol.30, pp.253-274, 1995. ,
Are output fluctuations transitory?, Quarterly Journal of Economics, vol.102, pp.857-880, 1987. ,
The future of Canadian currency union: NAFTA and Quebec independence », article présenté à la conférence de l, pp.24-25, 1998. ,
« Is EMU more justifiable ex-post than ex-ante?, European Economic Review, vol.41, pp.753-760, 1995. ,
Interregional and international risk-sharing and lessons for EMU, pp.149-188, 1999. ,
Regional redistribution and stabilization by the center in Canada, France, the UK and the US ? A reassesment and new tests, Journal of Public Economics, 2002. ,
« Fiscal Federalism and optimum currency areas: Evidence for Europe from the United States, Europe for lessons from the U.S, 1992. ,
« International risk sharing and European monetary unification, Journal of International Economics, vol.45, issue.2, pp.211-238, 1998. ,
« Capital flows, investment, and exchange rates, Journal of Monetary Economics, vol.19, pp.171-201, 1987. ,
1992 : « Fiscal arrangements in a monetary union ? Some evidence from the US, Fiscal policy, taxes, and the financial system in an increasingly integrated Europe ,