This paper deals with the problem of vulnerability of developing countries and their resilience capacity with respect to external shocks. The analysis particularly considers the countries of Latin America and Sub-Saharan Africa. Although the transmission risks of the 2007 financial crisis were...

Cet article explore la question de la convergence réelle en termes de compétitivités internationales parmi les membres de la zone euro et de la zone CFA qui repose sur l’euro. L’objectif est d’apprécier l’importance de la perte de l’instrument du taux de change pour les différents...

Cet article explore la question de la convergence réelle en termes de compétitivités internationales parmi les membres de la zone euro et de la zone CFA qui repose sur lâeuro. L’objectif est dâapprécier lâimportance de la perte de lâinstrument du taux de change pour les...

This paper analyzes the impact of exchange rate variability on the economic specialization of European countries. Two theoretical approaches are used: the first one, advanced by Krugman (1991), underlines that the monetary integration is favouring the specialization of countries members of an...

This article develops a specific theoretical analysis of labour and firms location in relation to territorial competitiveness. The location process is thus analyzed under three angles: with respect to labour mobility in an economic geography approach; through the firms location choices in an...

This paper traces the origins of the different monetary regimes adopted in Bulgaria and Romania in 1996-97 and examines their performance during the EU accession. The findings indicate that the constraints of the currency board in Bulgaria shifted economic activity towards the private sector,...