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Morocco-Brazil Economic Relations: Current situation and strategies for a deeper relationship

Despite the sustained growth in the bilateral trade observed at the beginning of the Century, Moroccan – Brazilian economic relations are still going through what could be called the ‘shallow’ phase of relations between two middle-income countries. Trade is concentrated in a few products – those where both countries enjoy long lasting and natural comparative advantages – and face strong difficulties to diversify in terms of products and to upgrade towards more complex models of linkages (e.g. value chain model). At the investment level, bilateral flows and stocks are almost irrelevant...


The Mist of Central Bank Balance Sheets

Central banks of large advanced and many emerging market economies have recently gone through a period of extraordinary expansion of balance sheets and are all now possibly facing a transition to less abnormal times. However, the fact that one group is comprised by global reserve issuers and the other by bystanders receiving impacts of the former’s policies carries substantively different implications. Furthermore, using Brazil and the U.S. as examples, we also illustrate how the relationships between central bank and public sector balance sheets have acquired higher levels of complexity, risks and opacity...

Call for Papers

Les politiques économiques et le financement dans les Pays en Développement(PED)

Les exigences du développement économique et social dans les PED notamment africaines sont énormes. Elles sont confrontées à un défi d’augmentation de leur taux de croissance. Ce challenge présuppose un immense effort de mobilisation des financements interne et externe alors même que s’opère à l’échelle mondiale des changements au niveau des modalités de financement du développement : la montée des financements internes au détriment de l’aide publique au développement (l’APD) et des financements extérieurs. L’exigence en termes d’augmentation de leur taux de croissance afin de réduire le chômage et la pauvreté de façon significative s’inscrit dans le contexte d’un large programme de renforcement des investissements qui est fonctionnellement lié à une plus grande mobilisation de l’épargne. La littérature macroéconomique concernant l’impact de la libéralisation financière sur l’épargne est considérable. Cependant, la plupart des modèles examinant cette question ne renseignent pas de manière définitive sur le sens de la causalité entre les différentes variables en raison notamment de la complexité du processus de la réforme....

Délai de soumission des contributions : 31 août 2017

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