Don´t Fix, Don´t Float is a book about credibility, or lack thereof. It deals with questions pertaining to international financial architecture from the perspective of developing countries, emerging markets and transition economies. Should the monetary authority fix the exchange rate of the...

Taux de change : ni fixe, ni flottant parle de crédibilité, et de l’absence de crédibilité. Cet ouvrage traite des questions relatives à l’architecture financière internationale du point de vue des pays en développement, des marchés émergents et des économies en transition. Les...

OECD Members, like those of the European Union, have created a new culture of policy interdependence and mutual respect. This gives the lie to the idea that cultures are deterministic, backward-looking realities that prevent some countries from developing and help others to do so. International...

Expectations of a broader convergence of living standards worldwide have spread at the same time as emerging markets and mature democracies seek to attract foreign investment in order to accelerate economic growth. In this increasingly competitive global environment, the protection of property...

Can devaluations and exchange controls be co-ordinated at the regional or global level, to lessen their beggar-thy-neighbour character? Probably not without co-ordination mechanisms among monetary and fiscal authorities like the ones found in the EU. How precisely the mechanisms may apply to...

Globalisation, governance and economic performance affect each other in very complex mutual relationships. In this paper, we establish a clear and well-circumscribed hypothesis: “is there an effect of globalisation <I>on</I> governance?” To test this hypothesis or, even more specifically, to test...</i>