Mardi | 2010-05-18 B103 Jinzhao CHEN – libre This paper aims to investigate the e®ectiveness of capital controls in China for bothshort-term and long-term, with a special attention to the period of ¯nancial turbulencebursted in the summer of 2007. On one side, we employ a two regime threshold autore-gressive model to study the Renminbi yield di®erential between the onshore interest rateand the o®shore Non Deliverable Forward-implied one for the period of 2006-2009; onthe other side, we distinguish (and measure) the […]

Mercredi | 2010-05-05 B103 Abdellah BOUCHELLAL

Mardi | 2010-05-04 B103 nasser ARY TANIMOUNE – M.-P. CLOUTIER – Christian RIETSCH The West African Economic and Monetary Union (WAEMU) is experiencing growingintermediation activities from microfinance institutions known as Decentralized Financial Structures (DFS). Meanwhile, DFS have encountered various developments constraints and among others, one the actual requirement is their sustainability in a long-term perspective.Based on Data Envelopment Analysis (DEA) from 1998 to 2003, this paper explores the efficiencies of microfinance institutions depending of their funding sources. The preliminaries results […]

Mardi | 2010-04-27 Leila ALI AGA – libre Version ProvisoireCet article étudie à partir d’un échantillon de 101 pays entre1996 et 2006, la relation entre la croissance, l’investissement etla corruption. A l’aide de la méthodologie des panels à transitionlisse (PSTR), nous montrons qu’il existe une non linéarité entrela croissance et l’investissement par rapport à la corruption, ca-ractérisée par une transition lisse entre les deux régimes extrêmes.Plus précisement, les résultats obtenus suggèrent que la sensibi-lité de la croissance par rapport à […]

Mardi | 2010-04-20 B103 B. BRANDT – H. BUSCHMANN – Hans DAXB ECK – Bruno LEMIERE – J. SCHMIDT – S. VAXELAIRE – J. VILLENEUVE – B. WEIDEMA – libre In the wider context of sustainable development and environment protection, theconnections between the use of natural resources, their accumulation in the economyand waste generation and management, need to be more clearly understood. Wastemanagement policies may affect potentially all sectors. Their influence on the use ofnatural resources must also account for […]

Mardi | 2010-03-30 B103 Dimiter IALNAZOV – Nikolay NENOVSKY – libre A remplir

Mardi | 2010-03-30 B103 Nikolay NENOVSKY – libre A remplir

Mardi | 2010-03-23 B103 Mohamed AROURI – Amine LAHIANI – D.-K. NGUYEN – Gilbert COLLETAZ A remplir

Mercredi | 2010-03-17 B103 Jamal BOUMAIZ

Mardi | 2010-03-16 L. FRESARD – Christophe PERIGNON – A. WILHELMSSON – libre Banks hold capital to guard against unexpected surge in losses and long freezes infinancial markets. The minimum level of capital is set by banking regulators as a function ofthe banks’ own estimates of their risk exposures. As a result, a great challenge for both banksand regulators is to validate internal risk models. We show that a large fraction of US andinternational banks uses contaminated data when testing […]