This paper studies the aid allocation of European nongovernmental organizations (NGOs). Once population is controlled for, poverty consistently appears as the main worldwide determinant of NGO aid allocation. NGOs do not respond to strategic considerations. Their funding source does not seem to...

[eng] Imperfect capital mobility and exchange rates dynamics. The EMS case. . This article amphasizes the influence of the imperfect mobility of capital on exchange rate dynamics inside the EMS.. The International Monetary System is organised into a hierarchy based on the US dollar. The costs of...