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La Theorie Des Transferts Revisitee Dans Les Pays En Developpement :Liens Dynamiques Entre Surendettement Et Taux De Change Reel D’Equilibre: Transfer Theory Re-Examined In Developing Countries: Dynamic Links Between Debt Overhang And Equilibrium Real Exchange Rates

Author

Listed:
  • BABACAR Sene
  • ABDRAHMANE WANE

Abstract

Cet article étudie les liens entre les dynamiques du taux de change réel et du surendettementdans les pays en développement (PED). Deux versions de la soutenabilité de la dette sontutilisées pour analyser l’impact d’une dette externe sur le taux de change réel d'équilibre. Ledéficit du compte courant trouve son origine dans le déséquilibre de la balance des biens etservices et la dynamique d’accumulation de la dette. Cette contribution inclut, de façon inédite,la version forte de la soutenabilité pour déterminer le taux de change réel d'équilibre dans lesPED. Ainsi, une situation de surendettement tend à apprécier le taux de change réel.

Suggested Citation

  • BABACAR Sene & ABDRAHMANE WANE, 2013. "La Theorie Des Transferts Revisitee Dans Les Pays En Developpement :Liens Dynamiques Entre Surendettement Et Taux De Change Reel D’Equilibre: Transfer Theory Re-Examined In Developing Countries: Dynam," Brussels Economic Review, ULB -- Universite Libre de Bruxelles, vol. 53(2), pages 191-208.
    • Handle: RePEc:bxr:bxrceb:2013/186528
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    More about this item

    Keywords

    Taux de change réel d’équilibre / Equilibrium real exchange rate; Fardeau virtuel de la dette / Debt overhang; Transfert / Transfer effect;
    All these keywords.

    JEL classification:

    • F11 - International Economics - - Trade - - - Neoclassical Models of Trade
    • F31 - International Economics - - International Finance - - - Foreign Exchange

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