Advanced Search
MyIDEAS: Login to save this article or follow this journal

Economie mondiale, l'écheveau des crises

Contents:

Author Info

  • Patrick Allard
Registered author(s):

    Abstract

    [fre] On peut lister, au niveau mondial, une trentaine de « crises », superposées et combinées au cours des derniers dix-huit mois. Liées par des chaînes de causalité diverses et complexes, ces crises reflètent un même phénomène : la contraction de la liquidité dans un nombre croissant de pays et de marchés. A bien des égards, la crise japonaise a joué un rôle primordial dans le déclenchement de ce processus, tandis que la crise des pays émergents d'Asie puis la débâcle russe apparaissent comme des crises-relais, qui ont contribué à la raréfaction de la liquidité dans l'économie mondiale. Bien qu'endigué par les mesures d'assouplissement de la politique monétaire décidées aux Etats-Unis et dans la zone euro entre la fin de l'été et le début de l'hiver 1998 ce processus affecte encore la plupart des pays émergents, ce qui assombrit les perspectives de croissance mondiale au cours des prochains trimestres. [eng] One can list almost 30 « crises » at the global level, that have unfolded and combined over the last 18 months. Closely linked through various channels, these crises reflect a single phenomeon, namely the contraction of liquidity across a growing number of countries and markets. The deepening of Japan's own crisis seems to have payed a proéminent role in the ignition of this process at the global level. Although it appears to have been contained through recent and significant monetary easing in the US and in Euro-land, the contraction of liquidity still affects a majority of emerging economies and is a major factor of restraint to global growth over the coming year.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://dx.doi.org/10.3406/rfeco.1998.1067
    Download Restriction: no

    File URL: http://www.persee.fr/articleAsPDF/rfeco_0769-0479_1998_num_13_4_1067/rfeco_0769-0479_1998_num_13_4_1067.pdf?mode=light
    Download Restriction: no

    Bibliographic Info

    Article provided by Programme National Persée in its journal Revue française d'économie.

    Volume (Year): 13 (1998)
    Issue (Month): 4 ()
    Pages: 23-50

    as in new window
    Handle: RePEc:prs:rfreco:rfeco_0769-0479_1998_num_13_4_1067

    Note: DOI:10.3406/rfeco.1998.1067
    Contact details of provider:
    Web page: http://www.persee.fr/web/revues/home/prescript/revue/rfeco

    Related research

    Keywords:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:prs:rfreco:rfeco_0769-0479_1998_num_13_4_1067. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Equipe PERSEE).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.