This article endeavours to measure the elasticity of the volume of the currency exchange transactions to a tax on them. The analysis is principally based on cointegration techniques. This paper is the fi rst attempt to estimate the infl uence of a currency transaction tax on the foreign exchange...

From Olsen Financial Studies data on the Euro-Dollar currency pair (2008-2010), we conduct a time-series analysis to explain the role of trading volume on exchange rate volatility (Mixture Distribution Hypothesis), taking into account non-linearity. We find evidence that the MDH holds in...

This article presents a detailed synthesis of the business cycle theories, from its origins to the current period. On the basis of the traditional approaches, we present successively the statistical analysis of the business cycle, the major authors, the period of the Trente Glorieuses, the long...

The answer to the question, whether long waves exist or not depends mainly on the statistical methods used for analysis. Since the seminal work of Kondratieff in the 1920th these methods underwent significant changes. The fundamental critic against the traditional approaches in the 1970th lead...

[fre] Le modèle standard de la théorie autrichienne est celui du mal-investissement. La création monétaire du système bancaire conduit à une baisse artificielle du taux d’intérêt de marché sous le taux naturel, entraînant l’économie sur le sentier d’une expansion non soutenable...

[fre] Cet article présente une synthèse détaillée des théories des cycles économiques, des origines à nos jours. Partant des approches traditionnelles, nous abordons successivement l’analyse statistique du cycle économique, les auteurs majeurs, la période des Trente Glorieuses, les...

In this article, we focus on the ability of two financial variables—the yield curve spread and the euro–US dollar exchange rate—to predict French recessions over the period 1979–2010. First, we propose a turning point chronology for the French business cycle based on a classical...