Incomplete markets, liquidation risk and the term structure of interest rates

In what follows, we consider this graph as a benchmark case, first because it represents what happens on the whole period, second because this configuration correspond to the

(2) Lecture : dans l'industrie automobile 73,3 % des salariés des entreprises ayant recours à du chômage partiel sont touchés par du chômage partiel alors qu'ils sont 76,7 % à

Dans une précédente recherche (Amblard, 2010), j’ai montré comment s’opèrent les processus réflexifs, dans et hors de l’action pédagogique, chez des sujets usagers

The Reserve Fund (budget line 8) was created in accordance with the Financial Regulations of the Special Account of the Fund for the Safeguarding of the Intangible Cultural

In 2014, budget line 4 was used to fund participation costs of experts in intangible cultural heritage representing developing States Members of the Committee, in Subsidiary Body

Encourager les efforts et les intérêts de tous ceux qui sont engagés dans l'orien- tation et le conselling en favorisant les contacts entre les personnes, agences, or-

Specifically, we demonstrate that a parsimonious three-factor specification of the model repli- cates empirical regularities (Piazzesi, 2003) such as the predictability of excess

In our setting, a non-affine market price of ambiguity relaxes the relation between bond excess returns and volatility, leading to a new class of term structure models.. This price