The public debt crisis threatening the survival of the euro area. This crisis could appear as a byproduct of the global financial crisis. In fact, it refers to structural problems specific to Europe and the question of optimal currency area which has been in place since 1999. The sovereign debt...

This paper attempts to evaluate the time-varying integration of Australian stock market in ASEAN-5 region (ASEAN + Australia, Korea, China, India and Japan) by using a conditional version of the international capital asset pricing model (ICAPM) allowing for dynamic changes in the degree of...

This study has been conducted to empirically examine the determinants of domestic credit to private sector (DCPS) in Pakistan over the period from 1980 to 2009. The relationship is determined using Johansen and Juselius’s framework and NLS and ARM based error correction model to complete the...

This article analyzes the determinants of capital structure of Tunisian companies in the light of various financial theories. We test empirically with a panel data approach, the three main theoretical frameworks addressing the capital structure of company; the Trade-off Theory, the Pecking Order...

The two major banks in Cyprus - Bank of Cyprus and Laiki Popular Bank - have lost more than 4 billion EUR because of their exposure to the Greek bond market. In this paper, we look at how the European Union has responded to banking and financial problems that have affected Cyprus since the end...

Les eurobonds semblent être une solution de sortie de crise budgétaire en Europe. Il s’agirait de mutualiser les dettes publiques en créant l’équivalent des bons du Trésor américain. Cette mutualisation pouvant être totale ou partielle. De nombreux obstac

In this paper, we investigate the causal relationship between defense spending and economic growth in Portugal during the period of 1980–2010. We apply the ARDL bounds testing approach in the presence of structural break. The ARDL–ECM estimation results d

James Meade est un économiste anglais, membre du courant keynésien, il a reçu le prix Nobel en 1977 décerné par l’Académie suédoise, pour sa contribution à l'étude du fonctionnement et des mécanismes d’ajustement de la balance des paiements. Il a mené des travaux novateurs...

George Stigler est un économiste américain membre de l’école de Chicago, connu pour ses prises de position en faveur de la déréglementation et du libre fonctionnement des marchés. Il a reçu le prix Nobel en 1982 pour sa contribution à la théorie de l'économie de marché et de la...