Monetary policy

Financial Crises » Journal of International Money and Finance, Volume 25, Issue 6, October, Pages 953-973. CAPRIO G., KLINGEBIEL D. [1996], « Bank Insolvencies; Cross-country Experience », World Bank Policy and Research, Working Paper N° 1574. CAPRIO G., KLINGEBIEL D. [1997], « Bad Insolvencies: Bad Luck, Bad Policy or Bad Banking», The World Bank Economic Review (January). CAPRIO G., KLINGEBIEL D. [2003], « Episodes of Systemic Borderline Crises », The World Bank Group, Working papers, January 22. DEMIRGUC-KUNT

avances sur appels d’offres, etc.) et la mise en œuvre des nouveaux statuts de Bank al-Maghrib qui consacrent plus d’autonomie à l’autorité monétaire et visent à éviter les conflits d’intérêts entre politique budgétaire et politique monétaire (policy mix). De la théorie à la pratique : bilan des réformes 50 Du point de vue théorique, les mêmes causes – la levée des contraintes réglementaires pesant sur le secteur bancaire et l’ouverture du marché des capitaux des différents pays – doivent

également entourée d’un réseau sélectif de partenaires routiers et transitaires, assurant à travers le monde le relais de ses opérations dans les meilleures conditions. The Flights Network Passengers By continuing its international development policy, through the continued extension of the network, Royal Air Maroc is enabling RAM Cargo to offer more capacity on all the existing flights as well as on new destinations. RAM Cargo is also contracted to a number of haulage companies and freight forwarders

limit its reputation costs by being involved in the repayment of the largest part of the debt, its access to credit will be less limited than it would be in case of total default, the economic costs will be lesser. In this process the International Monetary Fund’s role is to guarantee the efficiency of the negotiations, in order to avoid losses for the investors, but also for the sovereign. Particular cases analysis as the ones of Argentina and Greece can lead us to focus more precisely on the consequences

WORLD TRADE REPORT 2009 Trade Policy Commitments and Contingency Measures WTO MEMBERS (As of 23 July 2008) Albania Angola Antigua and Barbuda Argentina Armenia Australia Austria Bahrain, Kingdom of Bangladesh Barbados Belgium Belize Benin Bolivia Botswana Brazil Brunei Darussalam Bulgaria Burkina Faso Burundi Cambodia Cameroon Canada Cape Verde Central African Republic Chad Chile China Colombia Congo Costa Rica Côte d’Ivoire Croatia Cuba Cyprus Czech Republic Democratic Republic of the Congo

first day of a new month, it is the start of a new era though, in terms of Britain’s relations with the European Union, no longer will British officials be marching into buildings like this to have their say over day-to-day business or future policy of the European Union. In terms of recognizing that moment, I think it is fair to say that Brussels has done very little significant, very few ceremonial moments to speak of. We can show you however one or two which are highly symbolic

l’économie mondiale, ponctué d’îlots d’opulence high-tech («des cathédrales dans le désert»)? Est-ce que ce sera aussi le destin de l’Inde plus tard? Références Akuz, Y. (2009): Exchange rate management, growth, and stability: National and regional policy options in Asia, UNDP Regional Center for Asia Pacific, Colombo. Authers, J. (2010): «The Great Re-regulation turns into Great Escape», Financial Times, 17-18 juillet. Blyth, M. (à paraître): «This time it really is different: Europe, the financial

Unemployment», Econometrica 14: 137-147. ECAFE (circa 1963), Programming Techniques for Economie Development, Bangkok. EDWARDS, S. (1989), The IMF and the Developing Countries: A Critical Evaluation, Carnegie-Rochester Conférences Séries on Public Policy, NorthHolland, Amsterdam. HARROD, R. (1939), «An Essay in Dynamic Theory», Economie Journal, 49: 14-33. HIRSCHMAN, A.O. (1958), The Strategy of Economie Development, YaIe University Press, New Haven. AGÉNOR, POLITIQUES MACROÉCONOMIQUES ET MODÉLISATION

l’énergie Augmenter les tarifs des « utilities » (eau, gaz, électricité) Augmenter les taux d’intérêt et réapprécier (réévaluer) la monnaie Contrôler les salaires… 4. Conclusion L’Argentine dispose d’avantages comparatifs évidents. Avec un Policy-mix efficace, elle aurait pu traverser le temps et les crises beaucoup plus sereinement. Il semble que l’ingérence inadaptée de l’Etat, tentant par trop de manipuler soit les agrégats économiques, soit les investissements, et souvent presque à contretemps

Democratic Party (SDP) saw its poll support rise over 50%. The Tories slumped to 3rd place. The Tories were down to 23% in the polls and Thatcher was declared the most unpopular PM since polling began. Government came through the winter of 1981 with its policy discredited, its cabinet divided and little hope of winning a putative election. People fostered a growing conviction that while she had survived 1981, she could not last much longer. The SDP was hugely popular. As so often before in Thatcher's career