This paper analyses the spatial diffusion of the speculative attacks during the fall of the Bretton Woods System. First, we study the spatial heterogeneity of the relationship between speculative pressures and their determinants via a locally linear framework. Here, relationships were assumed to...

This paper studies the effects of income, education and active memberships in voluntary organizations and clubs on "social capital" by using individual French data and allowing for parameter heterogeneity (Durlauf and Fafchamps, 2003). Survey responses to the questions concerning trust, social...