Monetary policy

GÏOGRAPHIE ÏCONOMIE SOCIÏTÏ Régions, mondialisation et développement Document téléchargé depuis www.cairn.info - France Business School - - 77.67.0.74 - 22/12/2014 19h46. © Lavoisier Allen J.Scott*, Michael Storper UCLA - School of Public Policy Los Angeles, CA, 90095-1656, USA — États-Unis, Résumé Les économies régionales sont des systèmes d’atouts physiques et relationnels, pleins de synergies, ce que renforce l’intensification de la mondialisation. À ce titre, les régions sont

fit it on a Web page. The contract that is being offer implicitly assigns property rights in an individual's name and address to him or herself, unless the individual chooses to sell, or more properly, rent, that information. This particular legal policy seems quite attractive: assign a property rights in information about an individual to that individual, but then allow contracts to be written that would allow that information to be used for limited times and specified purposes. In particular, information

distinction entre les anticipations inflationnistes et les anticipations sur l’économie réelle. Il suffisait d’établir des comparaisons entre les rendements des obligations indexées sur l’inflation et ceux des obligations normales. 31 «Monetary Policy and Long-Term Interest Rates», Commission DII, mai 1998 31 PE 168.283 Taux d'intétrêt «L’écart entre le rendement d’une obligation nominale à long terme et le rendement réel obtenu à partir d’une obligation indexée sur l’inflation de même

in = to be protected by being included in the law instead of = in the place of the insurgence = the insurgency : l’insurrection an intelligence = a secret information internal = domestic The International Monetary Fund (IMF) : le FMI the interwar period = the period between two conflicts to be/get involved in a party = to be a member of a party an issue = a topic = a problem = a subject = an item J a jail = a prison –

growth rate and capital flows volatility is the correlation between the residual growth rate and residual volatility in capital flows, after controlling for various fundamentals (initial GDP, initial schooling, population growth rates, investment policy, openness). Source: World Bank, Global Development Finance (2001). 43 ? Volatilité : liée aux mouvements (actuels et perçus) des facteurs fondamentaux domestiques. ? Facteurs explicatifs de la volatilité et du comportement pro-cyclique : ?

most companies. With the advent of global branding, international firms are more aware of the need to set profitable global prices. As in the case of Bacardi, they rarely dictate uniform prices in every country but do establish a particular pricing policy across countries relatively higher prices for premium brands and lower prices for value brands. Factors that affect the market are normally the income level, the competition, and the purchasing power of each country. Also, taxes on cigarettes and

which established the Real as the national currency. As a result, consumer price inflation fell steadily from more than 2,000% in 1994 to 3.2% in 1998. Prices increased by 6.6% in 2004. monetary policy, however. This falls under the purview of the National Monetary Council (CMN), which is the main policy organ of the Ministry of Finance. Banks Brazil’s commercial banks are the most solid in Latin America and have comfortably withstood the effects of external shocks. Most of these banks are part

Growth Effetcs of Monetary Policy », Federal Reserve Bank of Minneapolis, Quaterly Review, fall, pp 18-32 De Gregorio, J., Guidotti, P.E., (1995) : « Financial Development and Economic Growth », World Development, 23-3, pp 433-448 Fischer, S., (1991) : « Growth, macroeconmics and development », NBER Macroeconomics Annual, n°6 pp 329-64 Fry, M.J, (1995) : Money, Interest and Banking in Economic Development, John Hopkins University Press, Baltimore Fuerst, T., (1994) : « Monetary Policy and Financial Intermediation

d’études à l’EHESS. sapir@msh-paris.fr 3 A.O. Krueger, « Why Trade Liberalization is Good for Growth », in The Economic Journal, vol. 108, septembre 1998, pp. 1513-1522. 4 J. Berg et L. Taylor : External Liberalization, Economic Performance and Social Policy, CEPA Working paper n°12, Février 2000, CEPA at New School University, New York, NY. Francisco Rodriguez et dani Rodrik ont 2 monétaire international régressa alors vers une situation d’instabilité systémique dont la crise de 1997-1999 fut le

production d‟électricité. Le second exemple concerne l‟investissement dans le 4 5 Pierre-Richard Agénor, Mustapha K. Nabli, and Tarik M. Yousef: „‟ Public Infrastructure and Private Investment in the Middle East and North Africa‟‟, World Bank Policy Research Working Paper 3661, July 2005 M. A. VEGANZONES : Infrastructures, investissement et croissance : un bilan de dix années de recherches CERDI, Clermont Ferrand (janvier 2000) 6 C‟est dans cet esprit que l‟ASEAN a lancé dès 1982 un projet