• Le repli massif des capitaux étrangers investis en Asie — plus de 10 pour cent du PIB des pays en crise — les place devant un problème de transfert. Pour favoriser la relance en Asie, les pays créanciers devraient impliquer leurs banques domestiques dans les opérations de sauvetage...

• Après Monterrey, en dépit des initiatives des bailleurs de fonds, les Objectifs du Millénaire pour le développement manquent de financements. • Les critères de sélection de nouvelles ressources sont : leur rendement potentiel, leur complémentarité et la rapidité de leur...

Concerns about corporate governance standards have often centred on emerging markets, notably after the 1997-98 Asian crisis. A series of corporate scandals have now raised investor concerns over the quality of earnings and opaque balance sheet structures in the US and other developed countries....

Development economics can explain both saving sources and motives that have led to the recent SWF boom, thus helping avoid investment restrictions in OECD countries. As the economics underlying funds from oil exporting countries are different from the economics of East Asian funds, so are the...

Large current account deficits are often assumed to play an important role in the propagation of financial crises in emerging markets in receipt of heavy private capital inflows. This paper reaches some major conclusions. First, the Lawson Doctrine — according to which current account deficits...

• The unprecedented withdrawal of foreign private capital from Asia, more than 10 per cent of GDP in the crisis countries, confronts them with a transfer problem. Creditor governments should induce their home banks into financial rescue operations to reduce moral hazard in private-sector...

The Brady Initiative refers to debts owed to commercial banks. Debt and debt service reduction are to be achieved mainly by buying back bank debts with a considerable discount or by swapping old bank debts for new papers with the same value but lower interest rates. The Brady Initiative has led...

French presidential elections 2022 have significantly strengthened anti-EU populists. Traditional mainstream centrists are not among the big three election winners, while far-right Marine Le Pen deftly addressed the plight of the disengaged. The country’s rural-urban divide masks significant...