This article endeavours to measure the elasticity of the volume of the currency exchange transactions to a tax on them. The analysis is principally based on cointegration techniques. This paper is the fi rst attempt to estimate the infl uence of a currency transaction tax on the foreign exchange...

The aim of this paper is to assess the financial integration degree of the Central and Eastern European Countries (CEECs) with the euro area in the prospect of their integration in the Economic and Monetary Union (EMU). To this end, we test the Feldstein-Horioka regression for a non-stationary...

Using a new database of actual import price data rather than unit value indices, we analyze the impact of currency-invoicing decision of exporting firms on the extent of exchange rate pass-through (ERPT) for several Euro-area countries during the period of June 2005 to July 2013. Mainly, we use...

We evaluate the growth effects of real effective exchange rate misalignments for the G20 countries over the period 1980-2006. To this end, we first estimate real effective equilibrium exchange rates relying on the behavioral approach BEER, from which misalignments are derived. Second, we...

Cet article évalue le poids des prix et de la qualite dans la competitivite des produits agricoles et agro-alimentaires de certains pays du Sud de la Mediterranee et de l’Union europeenne. L’approche utilisee consiste a estimer les elasticites prix et qualite a partir d’un modele...

This paper employs fi rm-level panel data from the Czech Republic to investigate the empirical relevance of the learning-by-exporting hypothesis. To provide convincing estimates, one must be able to disentangle learning-by-exporting from changes in company management that induce the company to...

Ce travail propose d'etudier l'impact de la localisation geographique sur les importations en tant que mecanisme de diffusion de connaissances technologiques et sur le rattrapage technologique des pays en developpement. L'utilisation d'un modele gravitationnel et d'un modele de diffusion...

The aim of this paper is to investigate the existence of a long-term relationship between the forward prices of crude oil and domestic fuel (FOD) on the period from August 2003 to April 2010. To this end, we rely on a panel data setting by considering a sample of 36 maturities for the forward...

This study brings new evidence on the relationship between openness and inflation. We estimate the impact of globalization on inflation in both developed and developing countries, and going further for different regional clusters. The results show that increased openness has without doubt the...

In this paper, we seek to analyze the impacts exerted by the substitution of the French franc for the euro on real and nominal effective exchange rates, competitiveness and growth within the CFA zone. Our findings show that, since the advent of the euro, the evolution of the real exchange rates...