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Les déterminants des crises financières récentes des pays émergents

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  • Ayadi, Mohamed

    (ISG)

  • Khallouli, Wajih

    (ESSEC)

  • Sandretto, René

    (Université Lumière)

Abstract

This paper aims at proving empirically the superiority of an explanation for recent financial crises in emerging countries which combines endogenous and exogenous factors rather than focusing only on one of these two kinds of factors. To this end, we built our empirical analysis on estimations of random effects models for panel data and the statistics of Fisher. L’objet de cet article est de montrer empiriquement la supériorité d’une explication des crises financières récentes dans les pays émergents par la combinaison de facteurs endogènes et exogènes aux pays affectés plutôt que par le seul jeu de l’une ou l’autre de ces deux catégories de facteurs. À cet effet, nous bâtissons notre démarche sur des estimations d’un modèle de panel à erreurs composées ainsi que sur des statistiques de test des modèles emboîtés (test de Fisher).

Suggested Citation

  • Ayadi, Mohamed & Khallouli, Wajih & Sandretto, René, 2006. "Les déterminants des crises financières récentes des pays émergents," L'Actualité Economique, Société Canadienne de Science Economique, vol. 82(3), pages 341-376, septembre.
    • Handle: RePEc:ris:actuec:v:82:y:2006:i:3:p:341-376
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