In this paper, we propose a joint study of trade and financial integration by relying on the Balassa?s [1961] classification, from preferential trading area to complete economic integration. To this end, we consider two approaches based on the behaviour of interest rates: the expectations...

In this paper, we analyze whether incoming foreign investment in China plays an important role in alleviating domestic firms' credit constraints. Access to external finance is a crucial determinant of business expansion. Using firm-level data on 2,200 domestic companies for the period 1999-2002,...

The academic interest around the well-known inequality-finance nexus has recently been the subject of a renewed attention. A recent, yet flourishing literature started pointing inequality as a possible cause credit bubbles, leading to financial crises. Based on the existing literature, this...

Nous étudions l?influence des variables économiques et politiques sur les résultats obtenus par les candidats des partis sortants aux élections municipales françaises. Les contributions de l?article sont les suivantes: (1) nous travaillons sur la probabilité de réélection des sortants à...

This paper studies the joint determination of beliefs about the economic impact of immigration and immigration policy preferences, using data from the five waves of the European Social Survey (2002- 2010). In addition to standard socioeconomic characteristics, this analysis takes into account...

A “lost decade” refers to an extended period of low or negative growth triggered by an economic crisis and that could have been avoided by the use of efficient crisis policies. The risk to the world’s developed economies of a lost decade was highlighted early on in the 2007-2008 crisis....