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Relying on the recent literature, we propose an informational interpretation to the recent financial crisis. We adopt a twofold point of view. On the one hand, we analyze the difficulties associated with the inability of economic and financial agents to deal with information and with the lack of...
Persistent link: https://www.econbiz.de/10011184210
[fre] Jean-Pierre Allegret Camille Cornand La politique de diffusion de l'information : la transparence des banques centrales est-elle toujours préférable ? La transparence est devenue l'un des piliers des banques centrales et des institutions internationales afin d'accroître leur...
Persistent link: https://www.econbiz.de/10011147187
Persistent link: https://www.econbiz.de/10011898235
Persistent link: https://www.econbiz.de/10012097741
This paper analyses the monetary consequences of the Latin American trade integration process. We consider a sample of five countries - Argentina, Brazil, Chile, Mexico and Uruguay - spanning the period 1991-2007. The main question raised pertains to the feasibility of a Monetary Union between...
Persistent link: https://www.econbiz.de/10005384318
In this paper, we test the empirical implications of financial openness on long-term growth through the financial development channel. Our work differs from the existing literature on a number of issues, the most important of them lies in the study of the relationship between financial openness,...
Persistent link: https://www.econbiz.de/10011187617
This paper contributes to the literature on monetary policy responses in emerging economies to international financial crises. Such an issue is especially relevant for these countries insofar as they tend to be more unstable than developed countries. In addition, they suffer from larger...
Persistent link: https://www.econbiz.de/10010729850
Oil-exporting countries usually experience large current account improvements following a sharp increase in oil prices. In this paper, we investigate this oil price-current account relationship on a sample of 27 oil-exporting economies. Relying upon the estimation of panel smooth transition...
Persistent link: https://www.econbiz.de/10010906596
[eng] The object of this paper is to show the contribution of J.-M. Keynes about the international standard of measure. Part one emphasizes the importance of the unit of account and the standard — which measures the stability of the former — in a monetary economy. In part two, the orthodox...
Persistent link: https://www.econbiz.de/10010977366
An extensive literature stresses that currency misalignments are costly in terms of growth performance. However, these studies do not consider the direct and indirect effects of currency misalignments on other countries. In this paper, we analyze how misalignments of the dollar, the euro, and...
Persistent link: https://www.econbiz.de/10010744022