Showing 1 - 10 of 458
Dans ce texte, nous présentons une version minimaliste d'un modèle de la dette obligataire qui s'inscrit dans un modèle d'équilibre général calculable dynamique séquentiel. La spécification proposée tient compte des caractéristiques suivantes des obligations: -elles sont émises à une...
Persistent link: https://www.econbiz.de/10005670269
Tax cuts create simultaneously a lack of tax receipts and more savings ready to be changed into public bonds and compensate this shortage of tax revenue. A part of tax resources is replaced by borrowing and those who are enjoying tax cuts are also receiving interest from government. The...
Persistent link: https://www.econbiz.de/10008727369
This dissertation proposes to evaluate the impact of institutional development on the financial development in the Central Africa Economic and Monetary Community (CAEMC).An econometric and statistical approach is used in order to realise this objective. According to the methodology suggested by...
Persistent link: https://www.econbiz.de/10015231314
Many pamphleteers in the 1900s-1920s and of short-sighted histories criticised French investments in Russia. They accused on the moment or retrospectively bankers and financiers of having involved savers’ cash (that of “France des petits” and middle classes) in the “adventure” of...
Persistent link: https://www.econbiz.de/10008545905
L e capitalisme financier est entré dans une crise profonde en 2007. Cette crise, d’abord bancaire et localisée dans le marché du crédit immobilier américain, est rapidement devenue mondiale, financière et réelle. Elle a remis en cause la forte croissance dont bénéficiait...
Persistent link: https://www.econbiz.de/10008642403
CEMAC countries, with an aim of coordinating their budget policies, established within their union some rules of economic policy which seem to be restrictive for an effective budget policy and thus sustainable in the long run. Indeed, in the economic theory, several arguments were advanced to...
Persistent link: https://www.econbiz.de/10015222716
The objective of this paper is to analyze the impact of income inequalities on external debt on the one hand and the influence of external debt on poverty on the other hand. The study relates to a sample made up of seven WAEMU countries between 1984 and 2005. The empirical verification starting...
Persistent link: https://www.econbiz.de/10015234169
Une double crise bancaire et souveraine dans plusieurs pays de la zone euro appelle à chercher des solutions innovantes et à revisiter des solutions ayant déjà fait preuve. L’expérience suédoise de la résolution d’une crise immobilière et bancaire dans les années 1990, qui a...
Persistent link: https://www.econbiz.de/10015235104
The objective of this paper is to analyze the effect of corruption on illicit capital outflows in Sub-Saharan African (SSA) countries. More specifically, we measured the direct effect of corruption on illicit capital flows on the one hand and analyzed the effect of democracy on the relationship...
Persistent link: https://www.econbiz.de/10015260209
The purpose of this article is to determine the effect of external public debt on the economic growth of the Democratic Republic of Congo. To achieve this objective, we used the error-correction model (Engle and Granger, 1987), estimated by the Least Squares method over a period from 1981 to...
Persistent link: https://www.econbiz.de/10015263572