Taux de change : ni fixe, ni flottant parle de crédibilité, et de l’absence de crédibilité. Cet ouvrage traite des questions relatives à l’architecture financière internationale du point de vue des pays en développement, des marchés émergents et des économies en transition. Les...

Don´t Fix, Don´t Float is a book about credibility, or lack thereof. It deals with questions pertaining to international financial architecture from the perspective of developing countries, emerging markets and transition economies. Should the monetary authority fix the exchange rate of the...

The so-called “accession economies” preparing to enter the European Union are experiencing increased inward capital flows based upon positive interest spreads and expectations of currency appreciation. While the authorities of these countries have tried to manage these flows and to prevent...