This paper highlights the role of capital outflows in creating periods of turbulence by forcing emerging economies to raise massive funds abroad. First, we present stylised facts related to the capital outflows from the emerging economies. Then, we carry out a breakdown of the balance of...

Le terme de « gouvernance » trouve son origine dans l’ancien français et, d’après « Le Robert », désignait l’action de piloter un navire en manœuvrant le gouvernail. Acclimaté outre Atlantique, le concept resurgit dans les années quatre-vingt-dix pour désigner la gestion des...

L’étude analyse les principaux déterminants du taux de change réel et modélise les effets de la politique de change du Cameroun sur ses équilibres externe et interne. Après une brève revue de la littérature sur les travaux sur les taux de change réel. Les techniques d’analyse de la...

The Economic and Monetary Union (EMU) construction as well as the European Union (EU) enlargement from 15 to 25 members have taken place within a minimum institutional framework as regards common budgetary policies. The achievement of the Single European Market and the introduction of the single...

Sovereign wealth funds, investment vehicles created, funded and controlled by nation states, do not adhere to any clear legal status. Their public ownership and ultimate objectives, together with the private nature of their activities, most of which are confidential and international, have...

The investment procedure prescribes the stages and tests through which all investment projects must pass before being accepted or not. It governs the conditions of acceptability and constitutes a powerful device of a priori control. In this paper, we intend to understand how investment...

La crise montre, une nouvelle fois, tous les risques que fait courir à l’économie le libre jeu des marchés financiers. Ceux-ci, gérant des masse énormes de capitaux en quête d’une rentabilité maximale (fonds de placement destinés aux ménages les plus riches, fonds de pension des...

This article studies the location pattern of foreign direct investment (FDI) in Mexico for the period 1994–2004. An empirical model is specified based on recent FDI theories. This model is estimated using state-level data and employing spatial econometric techniques. Results suggest that...