We present in this paper a method to extract fair prices from observable prices in an illiquid market. The dynamics of … the difference between observed and filtered prices (prices obtained under "normal" market dynamics), the higher liquidity …

We investigate the economic consequences of additional disclosure about assets with no active market in terms of …

.” This article adopts a dualistic posture that opposes the accounting conceptual frameworks based on fair value (market basis …

and improve citizens' living standards. This study evaluates the convergence in real GDP per-capita, as a suitable proxy … definitions of convergence and common trends, the presented evidence supports the existence of common long-run trends driving … output in South America, meaning that the region is involved in a dynamic process of convergence in living standards. …

Cet article a pour but d'analyser le rôle de l'éducation dans la convergence des émissions par tête de dioxyde de …'une convergence des émissions par tête de dioxyde de carbone au niveau mondial. Dans les pays en développement il y a une divergence … convergence si et seulement si elle est associée à de bonnes institutions politiques. En absence de celles-ci, l'éducation est …

the Third sector• The labour market situation (unemployment, flexibility, security) with a special attention devoted to …