Le présent article analyse l’efficience du marché des changes. L’article reconsidère la définition originelle de l’efficience au sens de Fama (1965) en mettant en lumière les différentes contradictions internes de cette définition. Partant de là, trois définitions de...

This paper extends and applies principal-agent theory to the performance of donor projects. There is variation in the degree of divergence between the interests of the donor (the principal) and the recipient government (the agent). Further, the effort expended on observation of the agent is a...

The modalities of negotiation on market access for agricultural and non-agricultural products are an important item of the Doha Development Agenda. The dispersion of tariffs remains very large, translating into sizeable economic distortions. In particular, tariff peaks are numerous and highly...

We build and implement a normative procedure to allocate international aid based on equality of opportunity concerning the risk of poverty. This is an alternative to Collier and Dollar’s proposal (2001) which stresses the impact of aid on worldwide poverty reduction. The big problem with their...

Political and economic rights are envisaged as the outcome of an ongoing bargain between citizens and their rulers. Over the long run, this constitutive process shapes the development of both the economy and the state. Globalization, however, corresponds to a period where both the market and...

La plupart des travaux récents sur la diffusion internationale des institutions se sont intéressés à la manière dont les pratiques se diffusaient globalement et à la façon d'éviter l'affrontement avec les institutions locales en place, en adaptant ces pratiques. Ce faisant, aucun de ces...

In previous papers the authors have argued that aid is likely to mitigate the negative effects of external shocks on economic growth (i.e. that aid is more effective in countries which are more vulnerable to external shocks). Recently an important debate has emerged about the possible negative...