This paper addresses the macroeconomic impact of international financial integration. I first provide empirical evidence that foreign banking penetration can be associated with a contraction of banking credit, especially in countries with poor credit markets. Second I present a model in which...

In this paper, we use the segmented conditional ICAPM (International Capital Asset Pricing Model) to study the emerging stock markets integration. To address this issue, we apply the asymmetric multivariate version of GARCH-BEKK with structural break of the variance. It allows to specify the...

A social enterprise stands out in comparison with other private providers of goods and services because it is managed according to non-capitalist objectives, which has important consequences in terms of quantification: whether to generate management indicators (profitability ratios, structure...

French Abstract: Une approche ‘idéaltypique' est proposée pour analyser les ‘interstices' au travers desquels serait possible une émancipation de la valeur d'usage de la domination de la mise en valeur du capital. Cela est fait en critiquant la conception courante et dominante de la...

La croissance économique française sur la dernière décade s'est avérée insuffisante pour résorber un taux de chômage élevé et persistant. Les études et comparaisons internationales disponibles suggèrent qu'un renforcement du degré de concurrence permettrait d'améliorer...