universite d evry val essonne 4 bd francois mitterrand 91025 cedex document de recherche epee centre etude des politiques economiques l université privatization international asset trade and financial markets guillaume girmens 01 14 nancial f france october 9 2001 abstract this paper evaluates the impact of on development capital in a two country general equilibrium model we draw particular attention to divestment techniques share issue privatizations voucher it is shown how these methods can have an private prices supplies assets demands for market capitalizations allocation strategies show that even non marketed has e ects by altering portfolio choice both domestic foreign agents jel classi cation f3 g1 l33 keywords integration risk sharing stock tel 33 1 69 47 80 39 fax 70 50 mail address eco univ fr 1introduction
