The election of Bassirou Diomaye Faye as President of Senegal on March 24, 2024, after a turbulent electoral process, reflects the resilience of Senegal's democratic institutions. It provides an opportunity to strengthen transparent governance and combat inequality. It was the first time since...

As the Soviet Union broke up, Kaliningrad suddenly found itself separated from mainland Russia by new frontiers. Since then, a dramatic trade opening has occurred, and regional trade and production have undergone profound changes. Kaliningrad has experienced a major shift in its economic...

Economic integration in WAEMU is manifested among others policies, by tariffs reductions in order to reinvigorate economic and trade relationshiph between member countries. This study show that the first trade agreement establish after WAEMU creation, has contributed to reduce per capita income...

This paper asks whether external shocks (U.S. interest rates, U.S. industrial production, U.S. stocks prices and world industrial material price) have asymmetric effects on European relative prices (real exchange rates). On 1979-1993 period, the paper finds that two groups of countries may be...

With the enlargements of the European Union in the East in 2004 and 2007, the regional economic disparities increased profoundly and an effort of solidarity between states was necessary. This paper proposes to identify between the explanatory factors at the origin of the uneven distribution of...

La Banque Centrale de l'Afrique de l'Ouest (BCEAO) a une longue expérience de politique monétaire menée dans le cadre d'une union monétaire, puisqu'elle s'étend sur cinquante ans. Cette expérience est riche d'enseignements comme en témoigne le bilan de son action.

L'année 2012 a vu se fêter les anniversaires des « quarante ans de la Zone franc », des cinquante ans de la Banque Centrale des Etats de l'Afrique de l'Ouest (BCEAO) et des quarante ans de la Banque des Etats de l'Afrique Centrale (BEAC), venant eux-mêmes après dix ans de la Banque...

La théorie de l'endogénéité des Zones Monétaires Optimales (ZMO) a identifié deux canaux de justification ex-post du critère de synchronisation des cycles : l'intensité commerciale et la convergence budgétaire des pays membres. Dans ce papier, nous analysons dans une perspective...