Financialization is a set of related phenomena that reveal “the increasing role of financial motives, financial markets, financial instruments, financial actors, and financial institutions in the operations of domestic and…
To allow national fiscal stabilizers to work, governments must be able to borrow at an affordable cost in times of economic stress. A strong fiscal framework is indispensable to achieve…
Even with more flexible economies, internal adjustment will always be slower than it would be if countries had their own exchange rate. Mario Draghi. The title of this post has…
Entre le déclenchement de la crise de l’euro et le vote britannique sur la sortie du Royaume-Uni de l’Union Européenne, nous avons assisté à une réduction massive des déséquilibres de…
It was a real pleasure to participate in the 9th EUROFRAME conference which took place in June 2012 at the Kiel Institute for the World Economy. The conference was very…
Cette recherche a été motivée par deux types de critique portant sur les taux de change d’équilibre. Le premier type de critique porte sur les incertitudes entourant les estimations de…
This research has been motivated by two lines of criticism about equilibrium exchange rates, the first one bears on the uncertainties surrounding the measurement of equilibrium exchange rates and, the…
