The objective of this paper is to examine the exchange rate misalignments (ERM) of the main emerging countries in Asia and Latin America since the 1980s, so as to shed light on the 2000s by a long term analysis and compare with the industrialized countries’ case. Our results confirm that ERM...

Since the mid-1990s, we observe an increase of world current account imbalances. These imbalances have only been partially reduced since the burst of the crisis in 2007. They reflect, to some extent, exchange rate misalignments, an issue which has been frequently studied in the literature....

Cet article analyse les origines macro-economiques de la competitivite des grands pays industrialises a partir du calcul des niveaux de couts unitaires de production. Un des interets de cette methode est d'obtenir une mesure des couts unitaires totaux et non des seuls couts salariaux unitaires,...