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BOUCHAUD, Jean-Philippe; CONT, Rama; KAROUI, Nicole EL; … - EconWPA - 1997

This paper contains a statistical description of the whole U.S. forward rate curve (FRC), based on data from the period 1990-1996. We find that the average deviation of the FRC from the spot rate grows as the square- root of the maturity, with a proportionality constant which is comparable to...

Persistent link: https://www.econbiz.de/10005413172

Revealing Turkeyâ€™s Public Debt Burden: A Transparent Payments Approach

Alioglu, Ertunc; Erbil, Can; Salman, Ferhan - EconWPA - 2004

We postulate a new method of identifying debt which we call Debt Burden (DB). We claim that DB reveals the true debt obligations of the fiscal authority. It is more accurate and transparent. Hence, DB would serve fiscal authority much better in policy making. It is powerful in a sense that it is...

Persistent link: https://www.econbiz.de/10005125920

Impact du fardeau virtuel de la dette sur le taux de change réel d'équilibre des pays en développement

XSENE, Babacar - EconWPA - 2005

The main objective of this paper is to study the relationship between external public debt and equilibrium real exchange rate in developing countries. Using a extension of Obstfeld & Rogoff (1995) model we show that debt overhang tend to appreciate real exchange rate in the long run (Krugman...

Persistent link: https://www.econbiz.de/10005126240

All that Glitters: Precious Metals, Rent Seeking and the Decline of Spain

Drelichman, Mauricio - EconWPA - 2004

The windfall acquisition of precious metals from American mines and the military revolution of the Early Modern age allowed the Spanish monarchs to command large amounts of credit andpursue an expansive imperial policy unlike that of any other Early Modern nation; when the costof the Empire...

Persistent link: https://www.econbiz.de/10005556873

Stata Module to Check for Availability of Variables

DIALLO, Amadou Bassirou - EconWPA - 2005

checkfor is a routine to check for existence of a list of variables within a data set. checkfor searchs through the data whether the variable exists. If it does not, a message is issued. If it does, the program looks for missings structure.

Persistent link: https://www.econbiz.de/10005062397

Emergence d’une profession comptable libérale : le cas du Maroc

OMARI, Sami El; SABOLY, Michèle - EconWPA - 2005

The purpose of this article is to study the birth and the evolution of accountancy profession and bodies in Morocco …

Persistent link: https://www.econbiz.de/10005125860

Labor Market and Growth in Morocco

ACHY, Lahcen - EconWPA - 2005

The purpose of this paper is to investigate how the functioning of the labor market in Morocco is affecting economic … of policy choices undertaken by policy makers in Morocco over the last four decades. For a long time, the government … wage bill in Morocco is excessive and tends to put constantly pressure on the government budget, which threatens …

Persistent link: https://www.econbiz.de/10005408364

Taux de Change et Potentiel d'Exportation au Maroc

ACHY, Lahcen - EconWPA - 2005

L’objet de ce papier est de tenter de se prononcer sur la «part de responsabilité» de la variabilité du taux de change du DH dans la régression des exportations marocaines du secteur des industries de Textile-Habillement et Cuir.

Persistent link: https://www.econbiz.de/10005556408

EXCHANGE RATE AND INFLATION TARGETING IN MOROCCO AND TUNISIA

Nathalie, Grand; Vincent, Dropsy - EconWPA - 2005

Morocco and Tunisia have started to open their markets to international trade and capital flows in order to bolster … their exchange rate regimes and monetary policies. This objective of this paper is to examine why Morocco and Tunisia should … probabilities is estimated for Morocco and Tunisia to provide important information concerning the mechanisms underlying inflation …

Persistent link: https://www.econbiz.de/10005561228

Financial liberalization, saving, investment and growth in MENA countries

ACHY, Lahcen - EconWPA - 2004

market developments, focussing on Egypt, Jordan, Morocco, Tunisia and Turkey between 1970-1998. …

Persistent link: https://www.econbiz.de/10005561741