Cet article développe un modèle intégrant le rôle de la monnaie et de l’IDE afin d’examiner la fragilité du système bancaire d’une petite économie ouverte dans un contexte de crise financière internationale. Le modèle met l’accent sur les décalages de maturité et de devise au...

French abstract: Par un arrêt très attendu « Peter Gauweiler c/ Deutscher Bundestag » du 16 juin 2015 (affaire C-62/14), la Cour de justice de l'Union européenne (CJUE) a statué à titre préjudiciel sur une mesure de politique monétaire non conventionnelle menée par la Banque centrale...

The ultimate objective of the economic evaluation of country risk (EECR) is to assess the likely level of risk that investors are willing to accept. In this perspective, this paper aims to raise awareness of the role, function and practice of the country risk economist in today's financial world...

French Abstract: Cet article examine les mesures prises par la Chine en faveur d'une réforme financière, en portant une attention toute particulière à la libéralisation du compte de capital et à l'internationalisation de l'utilisation du renminbi (RMB). Après le ralentissement du rythme...

The aim of this research is to estimate the term structure of interest rates in Madagascar using the Nelson-Siegel model. The Malagasy financial market consists mainly of the money market, given the absence of a stock exchange and an underdeveloped bond market. This study uses monthly data on...

The aim of this research is to estimate the term structure of interest rates in Madagascar using the Nelson-Siegel model. The Malagasy financial market consists mainly of the money market, given the absence of a stock exchange and an underdeveloped bond market. This study uses monthly data on...

This note takes part in the debate on the topic “a macroeconomics without LM”. It shows that, when the central bank does not control directly the interest rates on the money and financial markets, LM curve has another role to play than to determine in an endogenous way the money supply when...

This article is devoted in particular to examining the relationship between the money market rate and bank rates through pass-through analysis and also to studying the presence of asymmetry in the transmission dynamics of the policy. at the level of the Moroccan banking system. For this, an...

The objective of this paper is the estimation of the Cenral Bank of Morocco reaction function. Several specifications were tested to finaly retain a dynamic forwad looking rule estimated by the method of generalized moments and considering imported inflation.

This work investigates the impact of an increase in the money supply on inflation using DSGE model in Madagascar. The results showed a strong positive correlation between these two variables, confirming the economic theory that an increase in the money supply leads to a proportional increase in...