This article provides insight into the future of financial markets and regulation in order to define what would be the best strategy for Europe. To preserve financial stability, Europe has to choose between financial opening and independently determining how to regulate finance. Among the five...

In this paper, we analyze the differences in the sensibility of the distribution and transportation margin to exchange rate variations among different sectors in several European countries between 1995 and 2007. On the one hand, we provide new evidence that the margin reacts to exchange rate...

L'objectif de cet article est de montrer comment la crise financière qui, l'été 2007, touche de plein fouet les systèmes financiers européens a dévoilé l'inefficacité et l'insuffisance des modes traditionnels de l'intervention publique dans le système financier. Avant d'analyser les...

Shaped by structural forces of change, banking in emerging markets has recently experienced a decline in its traditional activities, leading banks to diversify into new business strategies. This paper examines whether the observed shift into non-interest based activities improves financial...

Cet article présente un panorama du coût individuel des études pour l'étudiant ainsi que des mécanismes d'accompagnements mis en oeuvre en Angleterre, au Canada, aux États-Unis, en France et en Australie. Dans un premier temps attachons à décrire ces différentes formes de financement....

The goal of this paper is to study the influence of corporate environmental responsibility (CER) and national environmental standards on the location choices of the 600 biggest European firms. By using the environmental score provided by Vigeo , we are able to test the influence of the...

Dans cette deuxième partie de l'étude "Patent Wars", et dans une approche toujours comparative, sont analysées les conséquences pour l'activité industrielle et le changement technique des différentes guerres des patents. Dans les trois industries émergentes du cinéma, de l'automobile et...

Dans cette dernière partie sont analysés les différents pools de patents constitués dans les industries du cinéma, de l'automobile et de l'aviation, suite aux guerres des patents étudiées précédemment. L'analyse se concentre alors sur les Etats-Unis. Si les pools ou accords de licences...

We reveal the non-separation of ownership and control for multiple blockholders in the French insider governance system. We show that overlapping directorships of large listed corporations are explained by their ownership connections. Both large and small stakes, from 20% to 1% of cash-flow...

This article is about the heterogeneity of "emerging economies" and their different development processes, followed by the analysis of the new international division of labor emerging with their boom, the strong growth and the rapid pace of industrialization of several Asian countries, the...