A currency space would be constitute in a ideal way if the integrated economic regions would react similarly on external shocks. In fact, Switzerland, as an economic space, is far from being homogenous. Since the end of Bretton-Woods, Switzerland is confronted with a durably revaluation of its...

The aim of this paper is to integrate control relations in the analysis of regional production systems (RPSs). Financial economy aspects are often neglected in the analysis of classical and also regional economists. However, many studies show that this financial dimension is far from neutral and...

About 15% of the fortune of the Swiss pension funds has been invested in real estate from 1994 to 2002. Pension trusts have two possibilities in their investment policy, either owning and being responsible for the buildings directly or buying shares in investment vehicules whose localization is...