This article aims at establishing an understanding of the common risk factors in commodity markets, as well as their interactions with equities, currencies and interest rates. Since commodity markets often exhibit cross-sectional dependency, common risk factors exist and can be identified. By...

Une approche pluridisciplinaire : fondamentaux de la gestion financière, l'investment banking, l'évaluation d'entreprise...

Many countries simultaneously suffer from high rates of inflation, low growth rates of per capita income and poorly developed financial sectors. In this paper, we integrate a microfounded model of money and finance into a model of endogenous growth to examine the effects of inflation and...

A l’heure où l’on assiste à une certaine financiarisation l’immobilier, il peut exister la tentation de plaquer les modèles financiers classiques directement sur cet actif, sans prêter trop d’attention à ses particularités. Or, l’utilisation de méthodes financières...

The paper addresses the issue of the accuracy of standard-of-living measurements using household survey data. First, it highlights the fact that lighter data collection processes in some developing countries have added to measurement errors in consumption and income aggregates measurement...

For well over a decade many observers had warned that the European Union was ill-prepared in case of a financial storm because its market integration far outpaced its policy integration. This situation was well known to policy-makers but it was hoped that financial crises would wait until policy...