Debt

titres de dette –  c'est-à-dire un papier, vendu 1000 euros par exemple, donnant droit à ces 1200 euros. •  Ces titres de dette se sont échangés sur les places boursières –  sous forme de « paquets » de titres (diversification) : Collateralized Debt Obligations” (CDOs) •  Contrats de “credit default swaps” (CDS) qui assuraient les CDO. Titrisation - suite + 1 •  Née aux États-Unis dans les années 1980, la titrisation a connu une expansion importante également en Europe à partir de 2000

une baisse des dépenses ne peut qu'aggraver la situation macro-économique. Mots-clés : dette publique, redistribution, soutenabilité, solde structurel, politique budgétaire, déficit récessif. Public debt and redistribution in France (1980 – 2004) Abstract: This article deals with public debt dynamics in France. It also analyses several contemporary debates such as Ricardian equivalence, sustainability and budget balance decomposition. Public deficit is not necessarily the result of a Keynesian

solve a multicriterion problem in order to yield a global evaluation of country-risk. The paper builds on earlier work by Frank & Cline (1971) and Sargen (1977), who tried to empirically identify the most important factors of default probabilities (or debt rescheduling). Using empirical analysis and significance tests, this paper suggests several factors which are important for country-risk and suggested by the literature. JEL Classification : C13, D81, F17, F18, F23, F37. Keywords : Country Risk;

dette et la valeur des exportations de biens et services a atteint jusqu'à 43,6 p. 100(7). Pour des pays comme le Mexique, le ratio d'endettement était encore beaucoup plus élevé et le fardeau devint insupportable(8). Source:  Banque mondiale, World Debt Tables 1992-93, External Finance for Developing Countries, volume 1, Washington (D.C.), 1992. La situation économique en Amérique latine s'est aggravée à mesure que particuliers et entreprises ont transféré leurs actifs à l'étranger, dans des investissements

| Book-keeping : | La tenue des livres, la comptabilité | Your personal details : | Vos coordonnées | A workman : | Un ouvrier | An overdraft : | un (une autorisation de) découvert | The balance : | Le solde, ce qui reste à payer | A debt : | Une dette | A store card : | Une carte de magasin (de type carte Manor, Globus) | An account : | Un compte | A fee / an entry fee : | Des honoraires / un prix d'entrée | To fill in : | Remplir | To pay … into (an account) | Déposer

competition than private-sector ones. Strikes by providers of essential services have a harsher effect on the economy than one at a private firm with competitors. And it is the public sector that will bear the brunt of the coming crunch. By 2014 the public debt of the leading rich countries will reach an average of 110% of GDP, up by almost 40 percentage points from 2007, says the IMF. Reducing these levels, some of the highest ever seen in peacetime, will be a brutal job. Eg, in France a fight with public-sector

il s’agit du terme générique de la titrisation (Asset Backed Securities) qui exprime que les titres (securities) sont adossés (backed) à des actifs (asset). Selon ce qu’on met dans les véhicules de titrisation, ils s’appellent CDO (Collateralised Debt Obligation), CBO (Collateralised Bond Obligation, adossé à des obligations), CLO (Collareralised Loan Obligation, adossé à des crédits à des entreprises)… Mais tout est « titrisable » : les crédits classiques, les créances commerciales, les loyers

became Ravana. His only hope for salvation from this dreadful embodiment was to be conquered by the embodiment of Love, by the godhead incarnate...Enter Ram, whose arrows behead him and split his body in half... emphatically freeing him from his demonic debt. He is now free to be reborn, as a humbled spiritual adept, and continue on his path to enlightenment. All of this teaching is so sweetly embedded throughout the story of Ram. So... here's a quick glance at the symbolism of a few of the characters

non-residents or reduce their foreign assets. Up until 2007, portfolio investment flows posted net capital outflows and the capital inflows that financed the other balances came from international interbank borrowing by French banks. Since 2008, the banks’ debt reduction and direct investment outflows have been financed by capital inflows resulting from portfolio investment. Following an inflow of 40 billion in 2008, portfolio investment resulted in an inflow of 270 billion euro in 2009. Residents cut back their

the developed countries, the progressive abolition of the commercial preferences then offered to developing countries, reduction of Public help to the development. This situation increases the risk of marginalization of the poor countries which the debt compromises dangerously the public finances. Besides, we attend a questioning of the theory of Ricardo and the model HOS. On one hand, the specialization quarters a country in a production, which pulls a difficulty of reconversion of the strength