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The spreading of the 2007–09 global financial crisis has highlighted the need to increase the resilience of the financial sector to contagion shocks. Debt financed by foreign banks has been found to increase the financial fragility of the borrowing country in situations of financial contagion,...
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type="main" xml:lang="en" <title type="main">Abstract</title> <p>This paper examines whether the composition of a country's external liabilities and assets affects its risk of suffering financial turmoil. Using a panel of 184 developed and emerging economies from 1970 to 2009, and looking at the impact of financial account...</p>
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[fre] Depuis quelques années, la lutte contre la fraude fiscale et le transfert de la propriété des mains de l'État vers le secteur privé sont deux dossiers prioritaires de nombreux gouvernements. Dans le travail qui suit, nous étudions le lien entre ces deux problèmes, qui peuvent, à...
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