This paper investigates the factors behind the 1994 and 1997 crises and whether these can
explain the 1998 crisis. The study reveals that:(i) variables used in an Early Warning System …

This paper analyzes and tests the influence of political instability on economic vulnerability
in the context of the 1994 and 1997 crises episodes. It constructs four political variables that …

No empirical evidence has yet emerged for the existence of a robust positive relationship
between financial openness and economic growth. This paper argues that a key reason for the …

The impact of exchange rate changes on growth – a long-standing key issue in international
macroeconomics – has received renewed attention in recent years owing to weaker growth …

Do exchange rate regimes matter for macroeconomic performance? This is an old question
of major importance for policy-makers which explains the persistent scientific debate on the …

While the impact of exchange rate changes on economic growth has long been an issue of
key importance in international macroeconomics, it has received renewed attention in recent …

… Je voudrais par ailleurs remercier Mr Frédéric LAMBERT et Mr Mathieu GEX pour m’avoir …
Je voudrais aussi remercier Mr Matthieu BUSSIERE pour ses conseils et sa disponibilité. …

We examine the stability and strength of the relationship between exchange rates and trade
over time using three alternative approaches, mitigating the endogeneity of the relation. We …