[fre] L’objectif de ce travail est d’examiner les différentes façons dont la littérature académique aborde la pratique de l’habillage de portefeuille. Ce travail montre qu’il est plutôt fait mention du window dressing dans la littérature comme de l’un des phénomènes permettant...

[eng] Euro internationalization sources. The adoption of a single currency in Europe has revived the debate over the internationalisation of currencies. This paper presents the generally accepted criteria of internationalisation - the size of the issuing economy, its degree of commercial...

[eng] This article studies, within the matching model of equilibrium unemployment, the macroeconomic consequences of discriminatory recruitment decisions. Unemployed workers can be distinguished according to an extrinsec characteristic which does not affect their productivity (the impact of...

Depuis le déchaînement de la crise, l’organisation des transactions boursières n’a pas vraiment fait l’objet de velléités réformatrices. Pourtant, les opportunités spéculatives, comme les risques encourus dépendent aussi de l’organisation des marchés sur lesquels on opère. La...

Stock market indices are today a vital and daily tool for both economists and actors in the financial world. The multiplication and the very importance given to these indices raise the question of their accuracy and of the reliability of the methods that are used to construct them. We begin an...

This paper aims at giving an explanation of the changes in the number of bankruptcies during the second part of the 19th century and the beginning of the 20th. We wonder in particular whether changes in bankruptcy law, which are substantial during the period, suffice to explain the rise in the...

We analyze a new blue chips (large caps) stock index for France from 1854 to 1998. We detail its methodology and show that it differs profoundly from earlier indices, and that it is more consistent with the French financial and economic history. We suggest this result casts some doubt on many...

Ce papier constitue le septième chapitre de l'Histoire du marché financier français au 19 ème siècle (à paraître en janvier 2007, publications de la Sorbonne). Dans ce chapitre, nous étudions les transformations profondes qui touchent le système bancaire au milieu du 19 ème siècle et...

This paper is the eleventh chapter of a book forthcoming in January 2007 under the title Histoire du marché financier français au 19 ème siècle (a history of the French capital market in the 19th century). He discusses the macroeconomics of the great depression of the late 19th century from...