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[fre] Les pays de l'Est ont obtenu des résultats très différents à la suite de leurs tentatives pour établir la convertibilité depuis maintenant trois ou quatre ans. Dans certains cas (Pologne, Tchécoslovaquie) les essais se sont soldés globalement par un succès, mais pour plusieurs...
Persistent link: https://www.econbiz.de/10008613838
[eng] Ecuador has recently adopted the US dollar as legal tender. Salvador is on the verge of doing so; Guatemala and Costa-Rica are attempting at the same substitution to their own currency. But, the prospect is now more general. In other parts of the world, the dollarization progresses, too;...
Persistent link: https://www.econbiz.de/10008613884
[eng] By 1985, the United States became net debtors towards the rest of the world. This — historically new — statute of a net debtor dominating economy was devised to compensate its low internal rate of saving, but submits the dollar to an incessant and erratic portfolio restructuring. [fre]...
Persistent link: https://www.econbiz.de/10008613921
[fre] Après un bilan des théories traditionnelles des zones monétaires optimales (Mundell et McKinnon), cet article constitue une tentative pour introduire le critère plus réaliste des préférences homogènes entre pays partenaires. Il fournit aussi une analyse du traité de Maastricht en...
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[eng] Strengths and deficiences of emerging markets. . This paper, written during 1996 summer, investigates strenghs and deficiencies of emerging markets just after the mexican crisis and before Asian market ones. It revelates that, after 1994, their rapid revival was motivated by a large growth...
Persistent link: https://www.econbiz.de/10008624871
Every one knows the fecondity of free trade model. Nevertheless, as P.A. Samuelson himself las recently (2003) demonstrated, the Ricardo-Mill theorem meets some limits whan it is applied to present China and US case, when the first country catchs up rapidly the second in its specialised good....
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