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...

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...

From 1975 to 1995, the Swiss franc appreciated in a near constant manner compared with the currencies of all of the country's commercial partners. This paper will seek to demonstrate that the various regions in Switzerland evolve differently when faced with a continuously appreciating currency....

This paper addresses the issue of updating a research agenda about territorial innovation models (TIMs) such as innovative milieus, industrial districts, regional innovation systems, etc. The theoretical shift from innovation studies to the knowledge economy is taken into account by the...

Financialization is a major trend in Western economies. This paper shows, on the one hand, how it changes the management criteria and, on the other hand, the limits to financialization in the property sector. Between 1992 and 2004, about 15% of Swiss pension funds' wealth was invested in...