Mardi | 2012-03-13 B103 Rémi BAZILLIER – Cristina BOBOC-TRANDAS – Oana CALAVREZO One of the most salient evolutions of labour markets in Europe is the increasing number of atypical job contracts and an increase in job turnovers. Therefore, the concept of employment vulnerability may be accurate to describe current evolutions. Moreover, in the context of an increased mobility of workers between European countries, emigration can be seen as a way to escape from employment vulnerability at home. Our objective in […]

Mardi | 2012-02-21 B103 Sylvain BENOIT – Gilbert COLLETAZ – Christophe HURLIN We derive several popular systemic risk measures in a common framework and show that they can be expressed as transformations of market risk measures (e.g., beta). We also derive conditions under which the di¤erent measures lead to similar rankings of systemically important financial institutions (SIFIs). In an empirical analysis of US financial institutions, we show that (1) di¤erent systemic risk measures identify di¤erent SIFIs and that (2) firm […]

Mercredi | 2012-02-16 Sully 8 Sylvain BENOIT – Yannick LUCOTTE – Jean-Paul POLLIN

Mardi | 2012-02-14 B103 Mariano MANTILLA GARCIA – Manuel RUIZ-MARIN – libre xx

Mardi | 2012-02-07 B103 Ronald B. DAVIES – Amélie GUILLIN Foreign direct investment (FDI) in services has grown significantly in recent years. Evidence of spatial relationships in FDI decisions have been provided for goods manufacturing by utilizing physical distance-based measures of trade costs. This paper investigates spatial interactions for services FDI using several distance measures, including physical distance, genetic distance, and transport time. Across different measures of distance, the traditional determinants of outbound FDI activity remain valid for services. We […]

Mardi | 2012-01-31 B103 Olivier SCAILLET – libre xx

Mercredi | 2012-01-18 B103 Armand FOUEJIEU AZANGUE Countries have faced one of the greatest economic shocks recently. The effects of the financial crisis went largely among the financial markets and hit the real economy. The aim of this study is to investigate whether inflation targeting helped countries which implement this monetary policy strategy to perform better during the 2008/2009 financial crisis. Based on the literature, we first present some arguments suggesting that inflation targeters can be expected to do better […]

Mercredi | 2012-01-11 B103 Sylvain BENOIT – Gilbert COLLETAZ – Christophe HURLIN – Article non disponible In this paper, we propose a theoretical and empirical comparison of two popular systemic risk measures – Marginal Expected Shortfall (MES) and Delta Conditional Value at Risk (CoVaR) – that can be estimated using publicly available data. First, we assume that the time-varying correlation completely captures the dependence between …rm and market returns. Under this assumption, we derive three analytical results: (i)we show that […]

Mardi | 2011-12-15 B103 Christelle GARROUSTE – Massimo LOI In a context of intensive and global economic competition, European countries are growingly concerned with the consequences of increasing numbers of young people temporarily or permanently prevented from entering the job market and the difficulties faced by college and university graduates to find adequate employment. This study is concerned with analyzing the speed of transition of students to permanent employment as a proxy of professional stability, and by identifying possible discriminatory […]

Mercredi | 2011-12-14 B103 Oumou GUISSE L’objectif de cet article est d’étudier la nature de la relation entre endettement extérieur et activité économique. L’étude se fait sur un panel constitué des pays membres de l’Union Economique et Monétaire Ouest Africaine (à l’exception de la Guinée Bissau) sur une période allant de 1970 à 2009. La méthodologie utilisée, celle développée par Hansen (1999), a permis d’étudier et d’estimer le niveau d’endettement soutenable maximal qui pourrait être favorable à la croissance économique.Ce […]