Macroeconomics

Euro/US Dollar exchange rate, Economics Letters, 77, pp. 177-186. Aizennman J., M. Nancy (1993) Policy uncertainty, persistence and growth, Review of International Economics, 1, 2, pp. 145-163. Akerlof G., Dickens W. T., Perry G.L. (1996) The macroeconomic of low inflation, Brooking Papers on Economic Activity, 1. Ammer J., Freeman R. T. (1995) Inflation targeting in the 1990s : the experiences of New Zealand, Canada, and the United Kingdom, Journal of Economics and Business, 47(2) (May), pp. 165-192

and reporting standards..........54 Number of procedures required to start a business Strength of investor protection. ...............................59 Trade tariffs .............................................................127 MACROECONOMIC ENVIRONMENT LABOR MARKET EFFICIENCY Inflation ...................................................................85 Flexibility of wage determination ..........................115 Government debt ...................................

rôle décisif en incitant les banques à perfectionner leurs méthodes de gestion des risques et en cherchant à (8) « The Financial Accelerator in a Quantitative Business Cycle Framework », B. Bernanke, M. Gertler et S. Gilchrist in Handbook of Macroeconomics, Taylor and Woodford (eds), Amsterdam, North Holland, 2000. Le financement de l'économie Cahiers français n° 331 Nouveaux acteurs, nouveaux enjeux 87 Des formes différentes Si les crises systémiques obéissent à un petit nombre de mécanismes

Economics, vol. 78, no 2, p. 229-248. Obstfeld, M., et K. Rogoff (1995). « Exchange Rate Dynamics Redux », Journal of Political Economy, vol. 103, no 3, p. 624-660. _____ (2000). « The Six Major Puzzles in International Macroeconomics: Is There a Common Cause? », NBER Macroeconomics Annual, vol. 15, p. 339-390. O’Hara, M. (1995). Market Microstructure Theory, Cambridge (Massachusetts), Blackwell. Osler, C. (1998). « Short-Term Speculators and the Puzzling Behaviour of Exchange Rates », Journal of International

societies with higher degrees of polarisation’. Further, he contends that political instability associated with polarisation shortens the time horizons of policy-makers, encouraging short-sighted policies that lead to fiscal deficits at the expense of macroeconomic stability. This discourages private investments by foreign and local entrepreneurs, penalising economic growth. Third, bias in the distribution of social spending. Bandyopadhyay (2004) examines how income is distributed and how this distribution

cette technique sur les prévisions relativement à une prévision linéaire. ABSTRACT. This paper presents neural network modeling applied to times series. We show how this pattern provides a better fit of non linearity concerning financial and macroeconomic series by taking the Euro/Dollar exchange rate as an example. We explain a method which prevent from over fitting situation. We also demonstrate in this case the better quality of forecasts compared to the linear model. MOTS-CLÉS : Réseau de

building has to be pursued and protectionism refrained in developed countries has to do with the nature of our growth regime. Social protection is not charity, but insurance, i.e. risk guaranteeing and innovation stimulating. Combined with a reactive macroeconomic policy, it protects individuals and firms by maintaining a high degree of economic activity... That may explain why small economies which are the most open economies are usually more socially protected.[8]” Although the Social Europe ambition

(1997), « Market-preserving fiscal federalism in the American Monetary Union », dans M. Blejer et T. Ter-Minassian (dir. de la publ.), Macroeconomic Dimensions of Public Finance : Essays in Honor of Vito Tanzi, Routledge, Londres. McLURE, C. (1997), « Topics in the theory of revenue assignment », dans M. Blejer et T. Ter-Minassian (dir. de la publ.), Macroeconomic Dimensions of Public Finance : Essays in Honor of Vito Tanzi, Routledge, Londres. McLURE, C. (1998), « The revenue assignment problem :

l'Ancien Régime, avec de légers assouplissements depuis les lois du 5 janvier 1988 et du 25 juillet 1994 - cf http://www.fondation-igd.org/upload/ pdf/Publi/Patri_dompub.pdf p. 24 [51] Tucker, Irvin B. (1997). Macroeconomics for Today. p. 553. [52] Case, Karl E. (2004). Principles of Macroeconomics. Prentice Hall. [53] « Economic systems ». Encyclopædia Britannica 2007 Ultimate Reference Suite. (Chicago : Encyclopædia Britannica, 2009) [54] Stilwell, Frank. Political Economy : the Contest of Economic

dumas-00568161, version 1 - 22 Feb 2011  Capital account liberalization in Morocco, risk of banking crises and opportunities for growth: theories and tries to empirical validation Abstract In this essay on financial macroeconomics, we have tried to analyze the risks and opportunities of capital account liberalization in Morocco. The proposed approach is based on two key elements, first an approaches to risk assessment of a banking crisis occurrence and that through the