We study the impact of a broadening of the SDR basket to the Chinese currency on the composition and volatility of the basket. Although, in the past, RMB inclusion would have had negligible impact due to its limited weight, a much more significant impact can be expected in the next decades, and...

This paper explores the role of corruption in a two-country model with fiscal spillovers. In the absence of cooperation on governance issues, countries always have a strategic incentive to appoint policymakers whose aversion to corruption is lower than average. An international agreement is a...

Este trabajo propone una hoja de ruta para ir implementando un sistema de evaluación en la CSS. Identifica aspectos diferenciales respecto a la Cooperación Norte-Sur y cómo éstos afectan a los criterios de evaluación, especialmente la horizontalidad, reciprocidad, responsabilidad...

Si hay un hecho particular y característico en la integración en la región latinoamericana es el referente a la multiplicidad de iniciativas y proyectos regionales. En este artículo se abordan distintos proyectos de integración regional -UNASUR, ALBA, Mercosur-, presididos por distintas...

En un mundo progresivamente multipolar, y por tanto ante un sistema internacional cada vez más desordenado, Brasil, así como otras potencias emergentes, buscan diversificar sus relaciones comerciales ante el declive de Europa y el auge de China. De este novedoso reajuste en el tablero...

En la última década, la cooperación para el desarrollo registra la participación de los "emergentes" y otros países de renta media que asumen nuevos compromisos derivados de su creciente protagonismo internacional. Estos agentes dinamizadores de la distribución del poder convierten los...

This article determines the conditions under which theSouthern countries should act together, or separately, while negotiating with the North about climate change policy and about the conditions for future Southern engagement. The paper models the international negotiations with complete and...

Double diploma is a means for distance learning to set up international cooperation which 1) are economic (out of money and time) for students 2) respectful partner institution 3) without risk for partner institution. European higher education area constitutes the legal framework and helpful...

This paper provides a new framework for monetary macro-policy, where the Central Bank potentially intervenes both on short-term and long-term loans markets, and can do this alternatively by manipulating interest rates or money supply. Following Bonnisseau and Orntangar (2010) and Giraud and...

This paper considers a two-period monetary double auction with incomplete markets of securities and derivatives. Players may share heterogenous beliefs. Short positions in derivatives are constrained by collateral requirements. A central Bank stands ready to lend money or engage in...