Default publication image

Stock prices-inflation puzzle and the predictability of stock market returns

This paper considers a new perspective on the relationship between stock prices and inflation, by estimating the common long-term trend in the earning-price ratio and inflation.

Default publication image

Stratégies, objectifs et limites d’une présence

Default publication image

The effect of asymetric information and transaction costs on asset pricing : theory and tests

This paper presents a capital asset pricing model in the presence of asymmetric information and transaction costs. The model is a generalized version of Merton’s (1987) model and Black’s (1974) model.

Default publication image

The stability Pact and the coordination of fiscal policies in the EMU

This paper studies the relationship between the Stability and Growth Pact (SGP) and the
coordination of fiscal policies in the EMU. Results show that the coordination is an efficient
tool to increase EMU stabilization, even though the overall impact greatly varies according to

Default publication image

Trade integration in Southeastern Europe

Default publication image

Villes du nord, villes du sud Géopolitique urbaine acteurs et enjeux

Default publication image

Where do markets come from? Is economic sociology able to give an answer ?

Default publication image

Volume, volatility and periodic closure with information uncertainty

Default publication image

Le Management des risques internationaux

Pages