In this article, we describe the various sorts of American Parisian options and propose valuation formulae. Although there is no closed-form valuation for these products in the non perpetual case, we have been able to reformulate their price as a function of the exercise frontier. In the...

The European experience with the creation of the single Market and the Maastricht Treaty has shown that political pragmatism and the adoption of transparent rules, especially in budget decisions, are means to reduce the structural gap between countries. However, the enlargement to new member...