[fre] La littérature récente sur la logique de sélection de portefeuille illustre le rôle devenu prépondérant d’une logique d’arbitrages intersectoriels. Cet article établit tout d’abord une typologie des secteurs selon leur positionnement par rapport au cycle général...

This special issue of the Brussels Economic Review is dedicated to a selection ofpapers presented at the 2013 annual meeting of the European research group,GDRE (Groupement De Recherche Européen) Money, Banking and Finance. Thisinternational network, part of the CNRS (Centre National de la...

ABSTRACT:The present paper analyses the relationship between the volume of transactions with futuresequity index products and the return volatility of their underlying assets. The study addressesthe case of five stock markets, members of the Euronext.liffe. We employ a frequency domainanalysis...

This paper studies the dynamics of the relationship between the volume of transactions with de- rivative products and prices volatility of their underlying asset. This relation was widely approached, but mainly from the perspective of the impact of derivative products on the volatility of their...

This paper proposes an assessment of the monetary policy performed by the European Central Bank (ECB) and, more specifically this paper investigates to what extent the ECB monetary policy decisions were guided by financial instability signals. Our assessment is achieved by estimating a Taylor's...

The literature on equilibrium exchange rates for the Central and Eastern European Countries has blossomed in the recent years. The multitude of studies is justified by the fact that, in order to join the Eurozone, these countries have to participate to the ERM II. Therefore, the CEECs are forced...

After the financial crisis burst out, a large number of European countries, especially the new members, focused on the EU funds absorption in order to restore their economic growth. The EU funds are considered an attractive tool for financing investment opportunities, in particular in times of...