We examine the linear and nonlinear long-run relationship between public expenditure and institutional quality, and income inequality in Asia and the Pacific. By applying panel cointegration methods using a dataset from 1988 to 2014, our main findings suggest that public expenditure and...

We examine the linear and nonlinear long-run relationship between public expenditure and institutional quality, and income inequality in Asia and the Pacific. By applying panel cointegration methods using a dataset from 1988 to 2014, our main findings suggest that public expenditure and...

This input, essentially empirical by nature, analyses the FDI determinants in Africa independently from the already clearly identified attraction of natural resources. Do powers of anticipation as to the general prospects for these economies influence incoming flows of capital? What role is...

This article investigates the factors that motivated sovereign wealth funds (SWFs) in their massive investment operations in European or US company equity, especially banking institutions. Considered to be investors with considerable financial clout, albeit passive and long-term, SWFs have long...

Pendant plus d’un an, entre 1924 et 1925, la Banque de France présente au public de faux bilans hebdomadaires. La Banque minimise le chiffre de la circulation monétaire afin de préserver la confiance des opérateurs notamment sur le marché des changes. Cette contribution lève le voile sur...

This article challenges the conventional view of the existence of a pure floating regime in France during the mid 1920s. Our study, based on the archives of the Bank of France and the French Ministry of Finance, as well as a thorough examination of the exchange rates (FRF/USD) and (FRF/GBP)...

In this paper, we try to investigate the rationale for using the Fiscal Theory of the Price Level (FTPL) as a relevant theoretical framework for analysing French and German monetary experiences in the Interwar period. This approach involves considering the evolution of public debt as the main...

L’instauration du Mont-de-Piété à Bordeaux fut un succès institutionnel. Ses objectifs sont atteints : il lutte contre l’usure, abaisse le coût du crédit, finance la politique de bienfaisance de la ville, tout en étant indépendant financièrement. McLaughlin (2013) a étudié les...