Editorial Director Sébastien Jean Managing Editor Valérie Mignon Mario Larch   PRESENTATION ARCHIVES   View Editorial Board and Associate Editors CEPII English       N°124 - 4T 2010   How much fiscal backing must the ECB have? The euro area is not (yet) the Philippines Ansgar Belke Thorsten Polleit Full text Exchange rate misalignments and international imbalances a FEER approach for emerging countries Nabil Aflouk Se-Eun Jeong Jacques Mazier Jamel Saadaoui   Exchange rate pass-through: new evidence from German micro data Eike Berner   Is there a medical brain drain? Xavier Chojnicki Cécily Oden-Defoort   Market power in the russian banking industry Zuzana Fungáčová Laura Solanko Laurent Weill