Recent literature argues that legal traditions of nations, i.e. their belonging to the world of common law or civil law, are not neutral in terms of economic or institutional performance, especially with regard to key opportunities in developing countries out of poverty. We present the results...

The aim of this study was to explain the determinants of Moroccan migrants return to their home country. We will use for it a very original database of migrants from Morocco. Using a probit model, our results show that some migrants have a higher propensity to return back to their home country...

The consequences on international trade of country breaks-up have received an increasing attention. This paper investigates the effect of independence on bilateral trade of former French colonies with a focus on Sub-Saharan Africa. Thanks to an original dataset including data on pre-independence...

The consequences on international trade of colonial rule have received an increasing attention. This paper investigates the effect of independence on trade with a focus on former French colonies. Thanks to an original dataset including data on pre-independence bilateral trade for former French...

Empirical evidence suggests that belonging to an empire favours trade by lowering transaction costs and establishing preferential trade agreements. Does the end of an empire invert this effect, and if so, through which channels? This paper uses an original dataset to explore the impact of...

The aim of this paper is to analyze the state of the quantity theory in the United States prior to the publication of Irving Fisher’s Purchasing Power of Money in 1911. We start by presenting the participants in the monetary debate. Next, we analyze the controversies regarding prices,...

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...