the aim of this paper is to explain the effect of "Subrime" crisis on credit default swap markets. After the problems of CDO's insttruments, protection buyers use classical credit derivatives instruments such CDS contracts.

En 2005 et au début 2006, plus de 50 milliards de dollars de créances ont été remboursés par anticipation par les débiteurs du Club de Paris. Modéliser ces rachats comme l’exercice d’options financières permet d’étudier l’intérêt et le coût de ce type d’opération.

What can studying the creation of knowledge tell us about how new technical fields emerge and develop? This paper shows how a knowledge community may be necessary to support the legitimacy of new products that undergo performance evaluation before purchase. Using historical and ethnographic data...

One of the most important instruments of economic policy of the opened countries is the exchange rate. It is considered both a mean of monetary regulation and a tool of outside competitiveness. Morocco plans to adopt the floating exchange rate regime, in the end of 2009. Indeed, the question...

Two major changes have affected the Tunisian economy during the 7-November period: the change of the economic system on the one hand and the change of the demographic structure on the other. The change of the economic system consists in the adoption of liberalism and free-trade. Although, at the...

ABSTRACT & RÉSUMÉ & ZUSAMMENFASSUNG : Although Britain has been one of the hardest hit among the EU member states by the corona pandemic, Boris Johnson left the EU at the end of 2020. Brexit supporters endorsed the idea of CANZUK, i.e. a union between the UK, Canada, Australia and New Zealand....

ABSTRACT & RÉSUMÉ & ZUSAMMENFASSUNG : Although Britain has been one of the hardest hit among the EU member states by the corona pandemic, Boris Johnson left the EU at the end of 2020. Brexit supporters endorsed the idea of CANZUK, i.e. a union between the UK, Canada, Australia and New Zealand....

ABSTRACT & RÉSUMÉ & ZUSAMMENFASSUNG : Although Britain has been one of the hardest hit among the EU member states by the corona pandemic, Boris Johnson left the EU at the end of 2020. Brexit supporters endorsed the idea of CANZUK, i.e. a union between the UK, Canada, Australia and New Zealand....

Already evoked in the years 1970 by American economists such as Sargen, the concept of country risk returned to the front of the economic scene following the financial crises of the years 1990.The concept of country risk is not new insofar as it is inherent in the swaps between two economic...