This study develops a hybrid model to integrate climate risks into Côte d'Ivoire’s economic policy, drawing on the work of economists like Keynes, Ostrom, Stiglitz, Sen, and Nordhaus. The model combines decentralized governance, climate risk externalities, and capacity building to address the...

The present paper puts forward a new economic circuit of value, which is a product of Marx’s “period of production” and Keynes’s determination order between investment and savings. It leads to a new definition of profit which excludes any remaining competition between savings and...

Following the high variability of floating exchange rates after the collapse of the Bretton-Wood System, policymakers have increasingly relied on weighted exchange rate indexes (nominal effective exchange rate index) or indexes of competitiveness (real effective exchange rate or...

This paper generalizes the Bollerslev and Zhang (2003) approach for the estimation of loadings of asset pricing models using "realized" measures and co-measures of risk. We propose here to extend this approach by including higher-moments in asset pricing models. Estimations are conducted using...

Ce document de travail présente les résultats de l’étude pilote menée au Burkina Faso au cours de l'année 2019 dans le cadre de l'élaboration du cadre de mesure statistique du « soutien public total au développement durable (TOSSD) ». L'étude pilote inclut la perspective des acteurs...

This study aims to compare the financial performance of several green stock market indices with their conventional counterparts. Several time periods are analyzed, and several financial indicators are considered. It appears that the StoxxGlobal ESG Environnemental Leader outperforms its...

We compare the influence of bankruptcy law on the risk of default and the rate of liquidation by banks. We show that it depends on whether it is pro-creditors or pro-debtors oriented, and on the intensity of competition between banks. Then , we analyse the various tools at the disposal of public...

This dissertation proposes to evaluate the impact of institutional development on the financial development in the Central Africa Economic and Monetary Community (CAEMC).An econometric and statistical approach is used in order to realise this objective. According to the methodology suggested by...

This article aims to examine the composition of Islamic boards in the context of the finance Islamic industry. More precisely, it discusses their characteristics such as their networks and their educational backgrounds.

Individual investors and financial institutions are increasingly seeking to divest from fossil fuel producers. This article investigates the financial implications of such a move by comparing two types of stock indices: (1) a traditional stock index that includes companies producing fossil fuels...