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the sequence of twin crisis, exchange and banking crisis, thus explaining the difficulties for an ILLR to act on the …
Persistent link: https://www.econbiz.de/10010707567
out of the current crisis. Overall, our results indicate that markets are more integrated since the crisis, which suggest …
Persistent link: https://www.econbiz.de/10011212049
Africa has been hard hit by the international crisis. Initially exogenous and above all financial, it has exacerbated … with support from international institutions. But deep reform is also required. This could be an opportunity for States to …
Persistent link: https://www.econbiz.de/10010742293
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La finance est aujourd'hui au cœur de la polémique : certains la rendent responsable de la plus grave crise économique depuis la grande dépression des années trente alors que d'autres estiment qu'elle impose un véritable diktat aux États et que son emprise sur l'économie est devenue...
Persistent link: https://www.econbiz.de/10011096660
La balance des paiements est un document statistique qui présente l'ensemble des flux entre une économie et le reste du monde durant une période donnée. Cet outil est couramment utilisé pour établir le diagnostic de l'évaluation macro-économique d'une économie. Propose une synthèse sur...
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Contrary to a wide-spread opinion, it was not Ricardo who developed the gold-points theory, but Thornton. Thornton did it in complement of its lender in last resort theory to justify the suspension of payments and to explain the high price of bullion. Ricardo rejected the Thornton’s gold...
Persistent link: https://www.econbiz.de/10010708337
We assess the nature of the European sovereign crisis in the light of a model borrowed from the second generation of … what may have driven the market sentiment during this crisis. To do so we estimate the probability of default of five … results suggest that 1/ both the fundamentals and ”animal spirit” ignited the European sovereign crisis; 2/ the sovereign …
Persistent link: https://www.econbiz.de/10011072502