In this paper, we estimate the relative weights of each foreign currency in the basket of currencies comprising the dirham for the period 1973-2003 on monthly data. We show that before the advent of the euro, the exchange rate regime in Morocco was a "Crawling Basket (basket slippery). This...

[fre] Claude Emonnot Olivier Peron La réforme de la fiscalité des intérêts dans l'Union européenne. La Commission européenne a entrepris une vaste réforme de la fiscalité des intérêts. Le principe de résidence devrait remplacer le système actuel de retenues à la source nationales,...

This paper reexamines tax harmonization and tax competition in the European Union. Clumsily justified by the threat of huge capital movements, their enforcement would de facto lead to the establishment of an european withholding tax, which is, per se, completely inconsistent with the...