The main purpose of this research is to examine the different factors affecting the predictive power of bankruptcy models as for example: the way of defining “bankruptcy”, the elimination, or not of the multicollinearity appearing in formalized model, the stability of time-related financial...

Since the collapse of the Bretton Woods system in the early 1970s, the choice of the exchange rate regime has been the subject of a lively debate in international finance. In this study, we investigate the determinants of three exchange rate regimes (fixed, flexible and intermediate). Our...