We reassess the trade impact of common currency arrangements – the Rose effect – on the basis of new empirical evidence stemming from the Oceanian Island Countries. In particular, we investigate how the conjunction of a common colonial heritage and membership in a common currency arrangement...

La vision d'une Europe homogene se modifie avec l'elargissement et le partenariat Euro-med. L'evaluation de l'insertion internationale des pays partenaires mediterraneens (PPM) montre que relativement aux nouveaux membres de l'Union elargie, les PPM connaissent une faible convergence reelle et...

A model of a dependent central bank that internalizes the government’s budget constraint is used to examine the optimal composition of the euro zone. The model embodies the desire to stimulate output and to provide monetary financing to governments. Unable to pre-commit to first-best policies,...

The third version of the MAcMap-HS6 database, built as a result of a joint effort of CEPII (Centre d'Études Prospectives et d’Informations Internationales, Paris) and ITC (International Trade Centre, Geneva), based on ITC’s MAcMap raw data, proposes an exhaustive and consistent measure of...

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...

This paper aims to reassess the impact of Vietnam's accession to the WTO using a quantitative computable genera equilibrium (CGE) approach. First, a recursive dynamic approach helps to better handle the effects of the commitments in the context of a rapid economic growth. Second, thanks to the...

We study trade integration among fifteen selected Asian and Oceanic economies using factor models. The principal component approach is employed to extract the common factor that drives trade integration from bilateral trade integration series. It is found that the estimated common trade...

The emergence of China has raised some doubts concerning the possibility for new Asian countries to take off and join the group of emerging countries. This paper addresses this question in the case of Vietnam, which has been following China's path closely and very successfully during the last...

La problematique de l'integration monetaire s'est longtemps inseree dans le debat entre regimes de change fixes et flexibles. L'article publie en 2000 par Andrew Rose ouvre de nouvelles voies pour la recherche en mettant l'accent sur l'impact macroeconomique des unions monetaires. Il montre que...

L'article traite de l'adhesion du Royaume-Uni a l'UEM. L'analyse de la Zone de monnaie optimale (ZMO) ne fournit que de faibles arguments en faveur de l'adhesion, car le Royaume-Uni est situe dans la peripherie et non dans le noyau de l'UEM. Cependant, les couts possibles de l'isolement (risques...