Using several unique data sets on wage agreements at both industry and firm levels in France, we document stylized facts on wage stickiness and the impact of wage-setting institutions on wage rigidity. First, the average duration of wages is a little less than one year and around 10 percent of...

This thesis first presents India’s economy and financial system’s recent history and current issues. Then, with an emphasis on the recent turmoil period, it studies the question of financial integration in various markets: equity markets are dealt with in the 1st chapter, CDS spreads are...

After a summary of the main achievements in microfinance, the thesis provides an overview of microfinance institutions (MFIs) in developing countries between 2000 and 2009. A thorough study of microfinance in sub-Saharan Africa is also proposed. It serves as a prelude to the econometric analysis...

We examine the effects of collateral provision as a potential channel between funding liquidity tensions and the scarcity of market liquidity. This channel consists in transferring the credit risk associated with refinancing operations between financial institutions to market participants that...

Commodity prices, especially oil prices, peaked in the aftermath of the financial crisis of 2007 and they have remained highly volatile. All things being equal, the increase in commodity prices may induce a similar tendency of inflation and hence become a monetary policy issue. However, the...

[fre] Les difficultés actuelles du système bancaire rendent nécessaire une meilleure appréciation de la rentabilité des banques. À partir des comptes de résultats harmonisés, différentes mesures de la rentabilité sont calculées et discutées. En outre, les jalons d'une explication de...

[fre] Un modèle économétrique en déséquilibre de l'économie française à deux secteurs, avec des prix et un investissement endogènes, . par Patrick Artus, Sanvi Avouyi-Dovi, Jean-Pierre Laffargue. . . Une maquette en déséquilibre de l'économie française, qui distingue deux secteurs,...