Based on a unique database including almost 4000 credit files from 33 microfinance institutions (MFIs) located in Aquitaine, this paper intents to fulfill three objectives : identify MFIs operating in the region, evaluate to what extent these MFIs satisfy social needs and finally how the...

French but also European economies are driven by micro, small and medium enterprises. However, evidence shows that micro-enterprises, representing 99 per cent of all newly created businesses, suffer from a lack of external resources, especially those created by socially excluded persons....

Social responsible investment is surging in all industrial countries, despite the conventional wisdom that the inclusion of extra-financial criteria in the stock selection process should arm the financial performance of these funds. As a consequence, many papers have attempted to measure the...

[fre] Cet article analyse l'impact des restrictions aux mouvements de capitaux sur l'autonomie de la politique monétaire lorsqu'un pays tente de concilier stabilité du taux de change réel et lutte contre l'inflation. Dans un premier temps, nous comparons, du point de vue de leur incidence sur...

This article analyzes the effects of various capital controls on the autonomy of national monetary policy when a country tries to obtain simultaneously real exchange rate stability and price stability. First, we compare, on the basis of their effect on international returns equalization, the...

This paper investigates the impact of both exchange rate and futures price volatility on bilateral cereals exports from France. Using the Poisson pseudo-maximum likelihood (PPML) estimator developed by Santos Silva and Tenreyro (2006) to deal with the problem of zero trade ows when estimating a...