This book is an up-to-date, authoritative and comprehensive analysis of the key issues and challenges facing regional currency area projects in the context of financial globalization. The authors focus on several central issues that emerged during the experiences of the 1990s and 2000s: exchange...

We analyse the determinants of banks' balance-sheet and leverage-ratio dynamics and their role in increasing financial fragility. Our results are twofold. First, we show that there is a value of bank's leverage that minimises financial fragility. Second, we show that this value depends on the...

[fre] Indicateurs d'alerte et crises de change Analyse comparée des économies d'Europe centrale et orientale ( 1990-1997) et d'Amérique latine et d'Asie de l'Est (1971-1997). . Cet article a pour objet d'évaluer la fiabilité d'un ensemble d'indicateurs de vulnérabilité à une crise de...