Investment funds economy is in most of the recent researches on financial centers. Our survey, shows us that in Europe, the general a.nity is the consolidation of the positions in the short and medium terms with a link to the aim of wining new markets. In addition we conclude that the tax...

We summarize the literature dealing with the pricing of ATM withdrawals. We highlight the effects of the pricing scheme on the network size, on banks’ profits and on consumer surplus. We also examine two recent reforms that took place in Australia and in the United Kingdom in order to increase...

The main assumption of the paper is that the differentials of competitiveness related to ICT are nowadays less dependant on the level of the investments than on the level of their use. ICT are generally studied within the framework of developed economies and less of their impact on developing...

This article proposes to analyze, in the first part, the evolution of economic indicators of the craft sector, in terms of job creation, turnover, and added value. Then, this analysis will make it possible to study the characteristics and evolution of artisanal SMEs before examining the dynamics...

This paper presents a model of activities fragmentation in investment funds industry. We consider two strategies: the national one is similar to protectionism and the other is relative to the international market. The financial center proposes adequate combinations of these two strategies in...

In this study we aim to determine the impact of investor behavior on investment funds strategies. Initially, we define the ideal profile of a potential investor in funds by highlighting risk aversion. We present a usual successive generation model in an open economy to characterize asset...

This paper examines the main determinants of firms tax evasion and corruption in the formal industrial sector. In our model psychological morale of bureaucratic agents are important to explain corruption.It is shown that the presence of rents linked to favoritism and patronage practices is...

We study, what Switzerland can learn from the disappearance of the property insurance monopolies in Germany. We show that the German insurance monopolies did not fight hard enough to defend their interests. a) Most of them knew that they would be bought up by another public insurance company....

The development of regional economic integration have enabled in the last 15 years the emergence and the evolution of a particular type of direct foreign investment; the DFI export platform. The firms’ strategies have been shifted from a strict export logic to an implantation logic accompanied...

Since 30 years new automotive countries develop in immediate periphery of the large regional blocks as Spain, Mexico, Czech Republic or Turkey. The products assembled in these new spaces are usually very innovative and originate in pioneering process from the organisational point of view. The...