Integrazione euromediterranea e sistema monetario : Un’ipotesi

During the intergration phase the monetary variables are fundamental to the determination of interest rates, exchange rates and competitiveness of the countries. After having enlarged to the east, the EU has programmed integration paths in the south Mediterranean. The aim of the present work is to hypothesize a monetary system that would develop trade, investments and stability of a large area. In particular the paper examines using descriptive instruments ; the effects of the euro-Med integration on the most important macroeconomic variables; how the monetary system works in the CFA Franco area and the possible extension to the Med area.