Showing 1 - 10 of 10,648
Persistent link: https://www.econbiz.de/10005531895
Nous analysons les effets de la coordination et de la coopération internationales sur le déclenchement et ta contagion des crises de change, dans le cadre d'un modèle à trois pays bâti sur l'approche « clause de sortie » des systèmes de changes fixes. Nous montrons que la coordination...
Persistent link: https://www.econbiz.de/10011003660
[eng] The effects of international coordination and cooperation on the triggering of speculative exchange rate crises. . We analyse the effects of international coordination and cooperation on the trigger action and the contagion of currency crises, in a three-country model built on the 'escape...
Persistent link: https://www.econbiz.de/10008617455
Cette publication n'a pas de résumé
Persistent link: https://www.econbiz.de/10008574865
We analyse the effects of international coordination and cooperation on the trigger action and the contagion of currency crises, in a three-country model built on the ?escape clause? approach of fixed exchange rate systems. We show that coordination decreases the possibility of self-fulfilling...
Persistent link: https://www.econbiz.de/10008578773
Persistent link: https://www.econbiz.de/10010758145
Against all odds, the euro turned out to be a weak currency. We argue that this outcome can readily be explained by the policy mix that was chosen at the onset of the period: tight fiscal policies following the convergence mechanism that was imposed by the Maastricht treaty and loose monetary...
Persistent link: https://www.econbiz.de/10005136505
This paper examines the impact of public infrastructure on industrial location when increasing returns are present. Poor infrastructure implies costs of Samuelson's `iceberg' form and alter trade both within and between countries. Trade integration implies that firms tend to locate in countries...
Persistent link: https://www.econbiz.de/10005504301
This paper shows that fiscal policy, when used for stabilization purposes, can have a positive effect on the economy's growth, on human capital accumulation, and on welfare, along the transition path. We introduce symmetric productivity shocks into a model in which productivity is augmented...
Persistent link: https://www.econbiz.de/10005504410
This paper analyses theoretically and empirically the relationship between trade and war. We show that the intuition that trade promotes peace is only partially true even in a model where trade is beneficial to all, war reduces trade and leaders take into account the costs of war. When war can...
Persistent link: https://www.econbiz.de/10005504509