In the first section of this paper, the author demonstrates the crucial significance of anchoring symbolically a currency in the representation of a social whole, not least when practical and technical problems bound up with the creation of a new unit of account and the associated means of...

This article looks for an understanding and explanation of the responsability of economics in the upsurge and development of the present crisis. It studies the interdependencies between the three streams of ideas which today dominate the departments of economics and finance of universities....

Based on an interdisciplinary approach, this article aims at elucidating what can be called the nature of money. To define it, we first distinguish between the generic properties of every money and its different and non specifically monetary uses. Then currency is grasped through its three...

Based on an interdisciplinary approach, this article aims at elucidating what can be called the nature of money. To define it, we first distinguish between the generic properties of every money and its different and non specifically monetary uses. Then currency is grasped through its three...

Cet article part de l'idée que la souveraineté monétaire et la souveraineté politique ne doivent pas être confondues, mais que, pour autant, les principes d'organisation de la monnaie n’en doivent pas moins être cohérents avec ceux qui fondent la communauté politique. Ainsi,...

The purpose of this paper is to analyze the impact of the Bank of Japan's official interventions on the JPY/USD parity during the period 1992–2004. The novelty of our approach is to combine two recent advances of the empirical literature on foreign exchange interventions: (i) drawing on...

The purpose of this paper is to analyze the impact of the Bank of Japan's official interventions on the JPY/USD parity during the period 1992–2004. The novelty of our approach is to combine two recent advances of the empirical literature on foreign exchange interventions: (i) drawing on...

This study extends the traditional set of central bank's interventions to include official announcements in order to provide empirical evidence on two pivotal questions: (i) are FX authorities able to influence market expectations with different instruments? (ii) how should interventions be...

La presse financière et les praticiens de la finance font souvent référence à l'existence de barrière psychologiques sur les indices boursiers ou les taux de change. L'existence de telles barrières intéresse également la littérature académique car elle constitue a priori une violation...