The growing globalisation of OECD economies, associated to the progresses in European integration, tends to increase the mobility of capital and to deepen the pressure on tax policies. On the one hand, tax policies are tied by the Stability Pact criteria: the limit imposed on budget deficits...

Based on a panel of bilateral FDI flows among 11 OECD countries over 1984–2000, we show that, although agglomeration-related factors are strong determinants of FDI, tax differentials also play a significant role in understanding foreign location decisions. We further investigate...

[eng] The Yuan and the G20 . In this article, authors try to calculate the Yuan’s rise margin and to analyse the impacts of an exchange rate adjustment of Yuan and other Asian currency on the Euro-Dollar’s parity. First, this article describes the origins of the fixed exchange rate in China....

L'intégration des pays d'Europe centrale et orientale à l'union monétaire européenne n'est pas encore sérieusement envisagée. D'une part, ces pays ne satisfont pas aux critères de convergence de Maastricht ; d'autre part le processus de transition n'est pas achevé et nécessite une...

We study whether Central and Eastern European Countries (CEECs) have an incentive to use the euro as a monetary anchor. Adapting a cross-section estimation method initiated by Bayoumi and Eichengreen, we show that, compared to an optimum currency area standard, the CEECs have paid too much...

This paper proposes a systematic analysis of the problem of world consistency when deriving equilibrium exchange rates. World inconsistency can arise for two reasons. First, real effective misalignments of currencies out of the considered sample are implicitly assumed to be the mirror image of...

[fre] L'euro comme monnaie de référence à l'est et au sud de l'Union européenne. . Nous montrons que, s'ils souhaitent un ancrage nominal souple de leur monnaie sur une devise étrangère, les pays à l'est et au sud de l'Union européenne devraient, à peu d'exceptions près, définir cet...