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The CEPII Newsletter       
July - August 2015        

The French edition is slightly different as it also includes material available in French only  

Europe Monnaie & Finance Trade & Globalization Migrations Economic Policy Emerging Economies Competitivness & Growth Environment & Natural Ressources

China: what effect of trade liberalization on pollution?

Environmentalists and free trade advocates regularly clash on the environmental consequences of trade liberalization. China's insertion in international trade has been accompanied by an exacerbation of pollution problems. >>>
Sandra Poncet, José de Sousa , Laura Hering


A New Dollar Cycle?

The world is once again under threat of currency turmoil ignited by a vigorous appreciation of the dollar against all other cur rencies. This is the harbinger of another long cycle which has been the pattern of exchange rates since the fall of the Bretton Woods system in 1971. Because dollar cycles are driven by momentum dynamics disconnected from fundamentals, they are likely to distort real effective exchange rates between major currencies. The dollar appreciation phase may also wreak havoc in the financial systems of emerging countries that are heavily indebted in dollars.>>>
Michel Aglietta, Virginie Coudert

  • Economists
  • Economiste
    Deadline for application :
    September 5, 2015
  • ISSN: 1255-7072
    Editorial Director : Christophe Destais
    Managing Editor : Dominique Pianelli