[eng] Facts and Fantasies about the « Dollar Area » . The « dollar area » can be defined as the set of countries that peg their currencies to the US dollar. In broad terms, it covers many countries that try to stabilize their exchange rate de facto against the US dollar, from Asia to South...

[eng] The Exchange Rate Strategies Adopted by the EU Accession Countries of Central and Eastern Europe . The CEECs candidates to join the EU are facing an original situation as they decide which exchange rate regime to adopt. They have to stabilize their economy while continuing the transition...

[eng] The CEECs candidates to join the EU are facing an original situation as they decide which exchange rate regime to adopt. They have to stabilize their economy while continuing the transition towards a market economy. They also have to take into account the institutional consequences of the...

[eng] Currency and Finance in West Germany. With a new interest rate policy now taking place in France, a look at West Germany's experience can be interesting, since this kind of regulation has been in use there for decades. The german financial sector is led by big banks which deal on money...

[eng] Interest rates in East Asian Countries : internal financial structures and international linkages. The purpose of this paper is to assess the integration of the different domestic financial markets and to provide a possible evidence of international linkages. The sample entails eight...

The aim of this paper is to study the relationship between terms of trade and real exchange rates of commodityproducing Commodity currencies,countries on both the short and the long run. We pay particular attention to the dominant role played by oil among commodities by investigating the...

We define “safe haven currencies” as those able to yield positive excess returns during crises and show that they are likely to have negative risk premia on the long-run. We try to identify them empirically by considering a sample of 26 currencies from advanced and emerging countries over a...

This paper studies the impact of global financial turmoil on the exchange rate policies in emerging countries. Many emerging countries have loosened the link of their currencies to the US dollar since the bursting of the subprime crisis in July 2007. Spillovers from advanced financial markets to...

The aim of this paper is to study the impact of terms of trade on real exchange rates for commodity exporters and oil exporters. To this end, we rely on panel cointegration techniques and estimate a long term relationship between the real effective exchange rate and economic fundamentals,...

[spa] Las disparidades internacionales de comportamientos de ahorro. Un análisis de los Estados Unidos, del Japon y de Europa a través del ciclo de vida - La concentración persistente de los desequilibrios exteriores en ciertos países índustrializados constituye un problema mayor en los...