Commencée en 2007 par une crise immobilière, transformée en crise financière aux Etats-Unis de par la conjonction entre un système du crédit dit « subprime » et la baisse des revenus des « couches moyennes », la crise financière s’est étendue au monde entier en quelques semaines....

This article investigates the factors that motivated sovereign wealth funds (SWFs) in their massive investment operations in European or US company equity, especially banking institutions. Considered to be investors with considerable financial clout, albeit passive and long-term, SWFs have long...

The present study proposes to examine the link between the organisational policies of the investment management companies and the performance of the managed funds. This study is based on about fifteen exploratory talks organized with persons in charge of investment management companies, and on...

During the last years, the financial markets have been subject to significant fluctuations of their financial actives. These spectacular movements have revived the interest, in the academic circles and policy makers and regulation and control authorities as well, for the financial market...

Developing a model with a switching mechanism, we show how complex dynamics can be generated even though heterogeneity arises among agents with the same trading rules (fundamentalists). We assume that there are two experts which are imitated by other operators. We show that (i) market...

States require money to function and therefore every government has to continuously raise new funds. On the financial markets, governments cannot be sure that auctions of their debt will be sufficiently attractive to financial investors, which is why governments usually enter into cooperative...