The aim of this study is to assess the exchange rate risk associated with the Tunisian public debt portfolio through Value-at-Risk (VaR) methodology. We use daily spot exchange rates of the Tunisian dinar against the three main debt currencies, the dollar, the euro and the yen. Our period of...

Les déséquilibres mondiaux sont au coeur des préoccupations de la présidence française du G20 et ont été l’objet du VIe colloque international de la Banque de France qui a rassemblé un panel exceptionnel d’intervenants. William R. White (OCDE) en a fait la synthèse.

Populist nationalism is on the rise in sub-Saharan Africa. Depending on the political orientation, it is both reinforced and confronted by social media and social movements. Nationalism also cements the longstanding rule of autocratic regimes in West Africa, particularly in Togo, Benin and...

This paper aims at examining the impact of political transitions on democracy, corruption and growth in countries which knew democratic changes. The results of our study indicate that these changes positively affect implementation of democratic principles, the struggle against corruption and...

The main objective of the present study is to identify the mechanisms through which governance affects at the same time inequality, poverty and growth. The study covers the period 1996-2012 which corresponds to the adoption of the Millennium Development Goals (MDGs). The latter has, as a primary...

Populist nationalism is on the rise in sub-Saharan Africa. Depending on the political orientation, it is both reinforced and confronted by social media and social movements. Nationalism also cements the longstanding rule of autocratic regimes in West Africa, particularly in Togo, Benin and...

The past three decades, developing countries have not spared of all international financial changes. They almost followed the same historical trends. Today, the destabilizing effects of financial liberalization affect even developed economies. The finding is iconic and risk economic policy. This...

This paper aims at examining the impact of political transitions on democracy, corruption and growth in countries which knew democratic changes. The results of our study indicate that these changes positively affect implementation of democratic principles, the struggle against corruption and...

This note, intended for cross-border and national investors like banks, companies, financial markets, large national and international institutions aims to answer the multiple questions on the decision-making to intervene or not in this country with lower middle income (PRITI). To paraphrase...

Since 2000, productivity growth in Canada and the United States have followed markedly different paths. In the second article, Andrew Sharpe of the Centre for the Study of Living Standards finds that the remarkable productivity growth experienced in the United States in the past two years is...