Macroeconomics

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progress, with the Vietnamese Government willing to let the private sector expand, and to reform the institutions as well as the State Owned Enterprises SOE’s. At the same time, it is afraid of loosing control. Furthermore, the stagnation and macroeconomic instability before Doi Moi, has given way to reasonably stable prices and rapid growth.64 The effects of Doi Moi on living standards have been positive. During its first ten years, poverty has been reduced by a third. The health service has become

p. 37-55. Mankiw, N. G., D. Romer et D. N. Weil (1992). « A Contribution to the Empirics of Economic Growth », Quarterly Journal of Economics, vol. 107, mai, p. 407-37. Mendoza, E. G., A. Razin et L. L. Tesar (1994). « Effective Tax Rates in Macroeconomics: CrossCountry Estimates of Tax Rates on Factor Incomes and Consumption », Journal of Monetary Economics, vol. 34, décembre, p. 297-323. Phaneuf, L. (1994). « Marché du travail et cycle économique : de la réalité aux modèles », Interface, vol.

out of private sector business by criminal organizations. Clearly, the management principles of these criminal enterprises are not consistent with traditional free market principles of legitimate business, which results in further negative macroeconomic effects. Undermining the Integrity of Financial Markets : Financial institutions that rely on the proceeds of crime have additional challenges in adequately managing their assets, liabilities and operations. For example, large sums of laundered

la performance, du moins sur quelques dimensions de la performance. Selon Covin et Slevin (1991) : ”The growing interest in the study of entrepreneurship is a response not only to the belief that entrepreneurial activity will result in positive macroeconomic outcomes but to the belief that such activity can lead to improved performance in established organizations” (p. 19). Pour Filion (1999), l’intrapreneuriat est une condition incontournable du succ`s, il avance que les entreprises entrepreneue riales

mémoires :  Mongi Lassouad : « l’avenir de l’activité bancaire dans la globalisation » Thèse de doctorat FSEG Tunis 2000 Hargli Med : « la gestion du risque bancaire » DEA , FSEG Tunis 2001 Articles : Garcia.G « Bank soundness and macroeconomic policy »The Economic Journal Nov 1996 J.F.Sinkey “Commercial bank financial management”, 1999 Goodhart C “Financial regulation in the global economy” Oxford University Press 1997 T.Vassogne 1998 : « défense anti OPA », revue banque

market imperfections, different tax regimes and regulatory barriers may lead to imbalances whereby the cost of capital may differ between countries. A valuer must therefore consider both the risks associated with the underlying businesses and the macroeconomic environment when assessing the cost of capital for cross-border valuations. 16 ICAEW (Corporate Finance Faculty) Corporate Finance Guideline Business Valuations BIBLIOGRAPHY General Valuation of unquoted shares Christopher Glover;

puzzle: Fact or Artefact?”, Bank of England, Document de Travail n° 288. CHRISTIANO L., M EICHENBAUM et C. EVANS (1999), “Monetary Policy Schocks: What Have we Learned and to What End?”, in TAYLOR J. et M. WOODFORD, (EDS.) (1999), Handbook of Macroeconomics, North Holland. COUDERT V. et MOJON B. (1997), « Asymétries financières et transmission de la politique monétaire en Europe », Economie et Prévision, n° 128, pp. 41-60. CREEL J. et S. LEVASSEUR (2006), « Canaux de transmission de la politique

Yackovlev, and Sophie Gollwitzer (à paraître), “Budget Institutions and Fiscal Performance in Low-Income Countries,” IMF Working Paper (Washington: International Monetary Fund). Deaton, A., and R. Miller, 1996, “International Commodity Prices, Macroeconomic Performance and Politics in Sub-Saharan Africa,” Journal of African Economies, Vol. 5, p. 99–191. Drummond, Paulo, and Gustavo Ramirez, 2009, “Spillovers from the Rest of the World into Sub-Saharan African Countries,” IMF Working Paper 09/155 (Washington:

Cet article était une version légèrement remaniée d’une conférence de décembre 1955. Frank Hahn, « Reflections on the Invisible Hand », Lloyds Bank Review, avril 1982, 7-8. Cet article est reproduit dans l’ouvrage de l’auteur, Equilibrium and Macroeconomics, Cambridge, Massachussetts, MIT Press, 1984, 11-133. 3 © Éditions d’Organisation L’entreprise, le marché et le droit 43 © Éditions d’Organisation lieu également de noter que les économistes actuels, quand ils parlent d’intervention