The asset allocation principles to be followed by pension funds have recently recorded some important modifications on the international level. Canadian pension funds have also been subject to these evolutions. The main modifications concern the gradual elimination of some portfolio constraints,...

Regionalization is a contradictory process meaning both subnational fragmentation of territorial states and their supranational integration at a larger scale. In this paper federalism, as a division of sovereignty between several orders of government within the same political system, is...