Download or read book Int gration financi re Croissance et Instabilit macro conomique written by Ghazi Boulila and published by Editions Universitaires Europeennes. This book was released on 2012 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ce travail repose sur l'exploration de quatre faits principaux: 1.Le processus de l'integration financiere est bien defini: les mouvements de dereglementation, de decloisonnement se sont accordes a partir des annees 80 pour rendre les capitaux beaucoup plus mobiles, incluant ainsi la composante financiere de la mondialisation. Les pays emergents et les pays en developpement ont genere des incitations a la mobilite des capitaux. Ce recent contexte financier international a modifie la nature de l'interdependance economique et monetaire entre pays; 2.L'impact de l'integration financiere sur la volatilite macroeconomique des marches en developpement et des marches emergents se montre aussi ambigu sur le plan theorique que sur le plan empirique; 3.Le principal but de la mondialisation et de l'integration financiere pour ces pays est d'ouvrir de nouveaux marches, de favoriser la specialisation, d'accroitre la concurrence et enfin de renforcer leur capacite a participer au commerce mondial; 4.Un systeme financier bien integre favorise une transmission rapide et efficace de la politique monetaire dans l'ensemble des pays emergents et des pays en developpement.

Download or read book Int gration financi re et croissance des pays en d veloppement written by Thérèse Quang and published by . This book was released on 2013 with total page 211 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the last decades, intensification of the financial globalization process has inevitably drawn the attention of economists and policymakers on the actual macroeconomic implications of unfettered capital flows. In particular, their real benefits for long-term economic growth in developing countries remain highly controversial. Although capital flows are presumably beneficial for receiving countries as they gain access to cheaper financing, the history of international financial integration (IFI) has been neither smooth nor risk-free. Surges in capital flows can pose critical challenges for developing economies with limited policy tools to address economic shocks. This thesis focuses on this IFI-growth nexus. It relies on recent research hypotheses highlighted in the literature to study the particular conditions under which financial openness leads to favourable outcomes. First, liberalizing the capital account implies a cost-benefit trade-off, which needs to be analysed outside the purview of standard models’ straitjacket. In particular, pre-existing distortions and market failures can interact negatively with capital flows, resulting in welfare loss. Second, capital flows are subject to a composition effect; they exhibit diverse volatility and risk properties and can actuate different growth outcomes.

Download or read book D veloppement financier instabilit financi re et croissance conomique written by Kangni Kpodar and published by . This book was released on 2006 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt: La théorie économique suggère que le développement financier est favorable à la croissance économique. Cependant, certaines politiques de libéralisation financière se sont soldées par des échecs, ce qui a conduit à jeter un certain doute sur la généralité de la relation entre le développement financier et la croissance. L’objet de cette thèse est d’explorer les raisons pouvant expliquer ces points de vue divergents et d’en évaluer les conséquences pour la réduction de la pauvreté. Tout d’abord, nous considérons que le développement financier risque d’être simultanément une source d’instabilité financière de telle sorte que l’effet bénéfique du développement financier sur la croissance soit amoindri. Ensuite, nous étudions l’existence d’effets de seuil dans la relation entre le développement financier et la croissance. Il se peut qu’il existe un seuil minimum de développement économique en dessous duquel le développement financier n’a pas d’impact significatif sur la croissance, principalement à cause de la faiblesse de l’épargne et de la rentabilité des investissements. Enfin, étant donné que la littérature économique s’est peu consacrée à la relation entre le développement financier et la réduction de la pauvreté, nous nous sommes également intéressés à l’impact favorable que le premier peut avoir sur le second au-delà de son effet indirect qui passe par la croissance. Se faisant, nous tenons aussi compte de l’impact néfaste que l’instabilité financière peut avoir sur les pauvres. L’analyse économétrique effectuée sur un panel de pays en développement avec des données quinquennales sur la période 1966-2000 nous a permis de valider nos hypothèses théoriques

Download or read book LIBERALISATION INSTABILITE FINANCIERE ET INSTABILITE MACRO ECONOMIQUE written by CORINNE.. LE GALLIC and published by . This book was released on 1996 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: CE TRAVAIL ANALYSE ET INTEGRE DIFFERENTS ARGUMENTS THEORIQUES, PROVENANT DE DIFFERENTS CHAMPS DE RECHERCHE, PERMETTANT DE METTRE EN EVIDENCE L'EXISTENCE D'UN LIEN DE CAUSALITE ENTRE INSTABILITE FINANCIERE ET FLUCTUATIONS MACRO-ECONOMIQUES. DANS UN PREMIER TEMPS, NOUS PRESENTONS LES ARGUMENTS THEORIQUES PERMETTANT DE LIER LIBERALISATION ET INSTABILITE FINANCIERE. NOUS EXAMINONS DEUX COMPOSANTES DE L'INSTABILITE FINANCIERE: INSTABILITE BANCAIRE ET INSTABILITE DES MARCHES FINANCIERS. NOUS MONTRONS D'UNE PART QUE L'EVOLUTION DE L'ORGANISATION DES MARCHES FINANCIERS, DUE EN PARTIE AUX MESURES DE LIBERALISATION FINANCIERE, A ACCRU L'IMPORTANCE ET L'IMPACT SUR LES PRIX DE COMPORTEMENTS DESTABILISANTS (EN PARTICULIER MIMETIQUES) DES OPERATEURS, ET DONC LA VOLATILITE DES MARCHES. D'AUTRE PART, LA LIBERALISATION FINANCIERE, EN AUGMENTANT LA CONCURRENCE ENTRE INTERMEDIAIRES FINANCIERES, A ECRASE LEUR MARGE D'INTERET, SOURCE TRADITIONNELLE DE PROFIT. POUR COMPENSER CETTE PERTE DE REVENUS, LES BANQUES ONT DEVELOPPE LEURS OPERATIONS DE MARCHE. AINSI, LA RENTABILITE A LONG TERME NE SERA PEUT-ETRE PAS AFFECTEE, MAIS LES RESULTATS DEVRAIENT ETRE MOINS STABLES, ON DOIT S'ATTENDRE A UNE AUGMENTATION DES FLUCTUATIONS DES RESULTATS BANCAIRES. LA LIBERALISATION FINANCIERE A DONC DU ACCROITRE L'INSTABILITE FINANCIERE: AUGMENTATION DE LA VOLATILITE DES PRIX DES ACTIFS FINANCIERS ET DES FLUCTUATIONS DES RESULTATS BANCAIRES. DE PLUS, A LA FOIS LES COTE DEMANDE ET OFFRE DU MARCHE DU CREDIT ONT ETE AFFECTES. LES FLUCTUATIONS MACRO-ECONOMIQUES DEVRAIENT DONC ETRE PLUS MARQUE. NOUS RETROUVONS CETTE CONCCLUSION THEORIQUE LORS DES SIMULATIONS D'UN MODELE DE CYCLE MACRO-FINANCIER.

Download or read book Macro conomie financi re written by Michel Aglietta and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: En étudiant les incidences des transformations de la finance sur la croissance ainsi que l'instabilité macroéconomique, cet ouvrage met au jour les linéaments d'une nouvelle régulation macroéconomique : plus de résistance à l'inflation, mais plus de difficultés à croître ; plus d'aptitudes à gérer individuellement les risques, mais plus de vulnérabilité aux crises financières...

Download or read book L int gration de l Afrique dans l conomie mondiale written by Arnaud Bourgain and published by KARTHALA Editions. This book was released on 2014 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: "L'intégration de l'Afrique dans une économie-monde multipolaire est ambivalente. S'inscrivant dans des mouvements centrifuges et centripètes, dans le temps et dans l'espace, l'insertion de ce continent dans les relations économiques et financières internationales se caractérise par une diversité des situations nationales. Dans le cadre d'une mondialisation multidimensionnelle, l'Afrique a longtemps été considérée comme marginalisée et contrainte de s'y adapter. Elle apparaît, désormais, comme un de ses acteurs. L'ouvrage interroge le sens et la portée de cette intégration. Quelles formes prend-elle ? Dans quelles dynamiques s'inscrit-elle ? La place de chaque pays et leur évolution y demeurent-elles contrastées, tant au plan quantitatif que qualitatif ? Dans ce contexte, l'ouvrage présente quatre thématiques se rapportant à des mutations qui contribuent à renforcer, sous diverses formes, les composantes de l'intégration des pays africains dans l'économie mondiale : les liaisons Afrique-Asie, les modalités de l'exploitation des matières premières, les partenariats renouvelés avec l'Union européenne et les mouvements migratoires."--P. [4] of cover.

Download or read book Regional Integration in Europe and Latin America written by Pierre van der Haegen and published by Taylor & Francis. This book was released on 2019-10-28 with total page 536 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 2004. This comprehensive collection provides an innovative analysis and a comparison between economic and financial integration in Europe and Latin America, addressed from a global, regional and country-specific perspective. It constitutes a valuable overview focusing on three topics: regional integration and monetary cooperation in Europe and Latin America, exchange rate strategies and financial sector structure. The collection is the outcome of a Workshop and high-level Seminar organized by the Banco de España and the European Central Bank that brought together senior European and Latin American central bankers, as well as senior representatives from international institutions. The 31 contributors presented high quality papers, allowing the reader to take advantage of a rigorous economic analysis that uses first-hand information and draws useful lessons for the future.

Download or read book Mineral Resources and Energy written by Olivier Vidal and published by Elsevier. This book was released on 2017-11-25 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: Our consumption of raw materials and energy has reached unprecedented levels which are continuing to increase at a steady rate due to the economic emergence of many countries and the development of new technologies. Metal and cement usage has doubled since the beginning of the 21st Century and this production, between now and 2050, will be equivalent to that produced since the beginning of humanity. It is in this context that the transition to low-carbon and renewable energies is taking place, which involves profound changes to the existing global energy system. This book addresses these different aspects and attempts to estimate first-order requirements for cement, steel, copper, aluminum and energy for different power generation technologies, and for three types of energy scenarios. Some dynamic modeling approaches are proposed to assess the needs and likely evolution of primary production and recycling. The link between production and primary reserves, recycling and stocks of end-of-life products, production costs, incomes and prices using a prey–predator dynamic is discussed. - Approaches the issues of commodities and energy in terms of needs, technological innovation and economic and social issues - Emphasizes the couplings between these different aspects - Helps readers understand and integrate these couplings through global modeling

Download or read book Pension Reform and the Development of Pension Systems written by Emily S. Andrews and published by World Bank Publications. This book was released on 2006 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Formal pension systems are an important means of reducing poverty among the aged. In recent years, however, pension reform has become a pressing matter, as demographic aging, poor administration, early retirement, and unaffordable benefits have strained pension balances and overall public finances. Pension systems have become a source of macroeconomic instability, a constraint to economic growth, and an ineffective and/or inequitable provider of retirement income."

Download or read book Capital and the Debt Trap written by Claudia Sanchez Bajo and published by Springer. This book was released on 2011-08-30 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: The financial crisis is destroying wealth but is also a remarkable opportunity to uncover the ways by which debt can be used to regulate the economic system. This book uses four case studies of cooperatives to give an in-depth analysis on how they have braved the crisis and continued to generate wealth.

Download or read book PROMOTION DE LA SANTE ET AUTONOMISATION DANS LE CONTEXTE AFRICAIN written by David HouŽto and published by Lulu.com. This book was released on 2014-02-26 with total page 327 pages. Available in PDF, EPUB and Kindle. Book excerpt: Le terme promotion de la santé en Afrique, près de 30 ans après l'adoption de la Charte d'Ottawa, continue d'avoir des connotations complètement hors du sens que lui confère cette charte. Cela n'est pas étonnant quand on sait que la notion de santé dans ce contexte africain équivaut à la lutte contre la maladie à travers les soins de santé dispensés par des professionnels de la santé dans des formations sanitaires et les hôpitaux. L'évolution que connait le continent depuis quelques décennies est de donner un peu plus de place à la communauté à travers les relais communautaires dans une participation communautaire vidée de son contenu, car le pouvoir n'est jamais passé entre les mains des communautés.C'est au vu de tout ceci que le présent ouvrage à sa raison d'être pour expliquer les fondements de l'autonomisation communautaire et de la promotion de la santé avec leur importance pour la région africaine en proie aux mauvais indicateurs de santé comparativement aux autres régions du monde.

Download or read book Finance Financial Sector Policies and Long run Growth written by Asli Demirguc-Kunt and published by World Bank Publications. This book was released on 2008 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: The first part of this paper reviews the literature on the relation between finance and growth. The second part of the paper reviews the literature on the historical and policy determinants of financial development. Governments play a central role in shaping the operation of financial systems and the degree to which large segments of the financial system have access to financial services. The paper discusses the relationship between financial sector policies and economic development.

Download or read book Economie Internationale written by and published by . This book was released on 1998 with total page 694 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The fundamental principles of financial regulation written by Markus Konrad Brunnermeier and published by . This book was released on 2009 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Financing Africa written by Samuel Munzele Maimbo and published by World Bank Publications. This book was released on 2011-09-07 with total page 325 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financing Africa takes stock of Africa's financial systems in light of recent changes in the global financial system --including the greater risk aversion of international investors, a shift in economic and financial powers towards emerging markets and the regulatory reform debate - and the increasing role of technology. Using a wider and more detailed array of data than previous publications, we observe a trend towards financial deepening, more stability and more inclusion leading up to the crisis; serious challenges, however, continue, including limited access to financial services, focus on short-term contracts and hidden fragility, related to weak regulatory frameworks, undue government interference and governance deficiencies. Our policy analysis therefore focuses on (i) expanding outreach, (ii) fostering long-term finance and (iii) improving regulation and supervision. We identify the positive role of innovation and competition, a stronger focus on non-traditional financial service providers, and more emphasis on demand-side constraints as priority areas for policy actions. Specifically, competition from new players outside the banking system, including telecomm companies can increase outreach with technological innovation that changes the economics of retail finance. Moving beyond national stock exchanges that are not sustainable in most African countries towards regional solutions and over-the-counter trades can help foster long-term finance, as can addressing governance challenges in contractual savings institutions, including life insurance companies and pension funds. Finally, there is a need to look beyond supply-side constraints towards users of financial services, focusing more on financial literacy of households and firms, but also consumer protection. In formulating policy messages, we carefully distinguish between different country groupings, differentiating -- among others -- between low- and middle-income and small and larger economies, with a special focus on resource-based economies and post-conflict countries. This book reaches out to both policy makers concerned about a more inclusive and effective financial system and other stakeholders, including practitioners and development partners. With this book we aim to contribute to the on-going financial sector debate on Africa, with the ultimate goal of faster economic development and poverty reduction.

Download or read book Securing Development in an Unstable World written by François Bourguignon and published by World Bank Publications. This book was released on 2006-01-01 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: Brings together the world's finest development thinkers to present their perspectives and ideas in the field of international development. This title presents selected papers from the seventh annual ABCDE (The Annual World Bank Conference on Development Economics) - Europe meetings, held in May 2005 in Amsterdam, the Netherlands.

Download or read book Regional Integration in Europe and Latin America written by Pierre Louis Haegen and published by Ashgate Publishing, Ltd.. This book was released on 2003 with total page 548 pages. Available in PDF, EPUB and Kindle. Book excerpt: This comprehensive collection comprising 28 contributors provides an innovative comparison between economic and financial integration in Europe and Latin America. It is a valuable overview focusing on three topics: regional integration and monetary co-operation in Europe and Latin America, exchange rate strategies and financial sector structure.