In the context of interdependence of the financial markets, it becomes interesting to analyze the implications associated with the Terrorist Attacks of the 11th of September of 2001, in the USA, in terms of the development of contagion mechanisms between the main international stock exchanges....

Following several years of sustained growth, France’s contribution to the euro area broad monetary aggregate M3 slowed down in 2008. Growth of loans to the private sector, the main source of money creation, moderated in France and the rest of the euro area.

In 2010, money creation and the growth rate of loans to the private sector were much more dynamic in France than in the rest of the euro area.

The number of business failures has risen sharply since summer 2008. In 2009, these failures tended to be observed among larger companies.

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The euro area monetary aggregate M3, driven by overnight deposits,rose by 3.3% in 2012. The French contribution to M3 stood at 2.4%,underpinned by the sharp increase in passbooks. rowth in lending to the non-financial private sector slowed down in both France and the euro area.

Previous empirical analyses of the relationship between executive compensation and firm performance are often interpreted as suggesting that this relationship is weak. Although an absolute term like "weak" is ambiguous in this context, relative terms, such as "stronger," are meaningful. We argue...

In 2011, the annual growth rate of euro area M3, which had turned positive in 2010 (1.7%), increased up until the summer of 2011 before falling back to 1.5% at the end of the year. Meanwhile, the French contribution to M3 stood at 3.3%, down sharply from the previous year (6.6%). Loans to the...

Technology transfer agreements between universities and industrial companies usually involve royalties, sublicensing considerations and allocation of equity. This article extends the analysis of my previous one ("The Economic Sense of Royalty Rates", ewp-fin/970903)to deal with sublicensing...

(forthcoming Journal of Political Economy). Part ownership of a takeover target can help a bidder win a takeover auction, often at a low price. A bidder with a "toehold" bids aggressively in a standard ascending auction because its offers are both bids for the remaining shares and asks for its...