Patrice Fontaine
Centre national de la recherche scientifique
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Featured researches published by Patrice Fontaine.
Organic Letters | 2009
Patrice Fontaine; Géraldine Masson; Jieping Zhu
[4 + 1] Cycloaddition of alpha,beta-unsaturated imidoyl cyanide (2-cyano-1-azadienes) with isocyanides in the presence of a catalytic amount of AlCl(3) afforded polysubstituted 2-amino-5-cyanopyrroles in good to excellent yields. In combination with the IBX/TBAB-mediated oxidative Strecker reaction, this important heterocycle is readily synthesized in two steps from simple starting materials.
Organic Letters | 2008
Patrice Fontaine; Angèle Chiaroni; Géraldine Masson; Jieping Zhu
The reaction of aldehydes, amines, and TMSCN in the presence of 2-iodoxybenzoic acid (IBX) and tetrabutylammonium bromide (TBAB) afforded alpha-iminonitriles in good to excellent yields under mild conditions. The presence of TBAB is essential for this transformation. The methodology was applied to a two-step synthesis of indolizidine via a microwave-assisted intramolecular cycloaddition of alpha-iminonitrile.
Econometric Society Summer Meetings | 2008
Radu Burlacu; Patrice Fontaine; Sonia Jimenez-Garces; Mark S. Seasholes
We derive a cross-sectional asset pricing measure from a noisy multi-asset rational expectations equilibrium model. The measure is based on the time-series covariance of an asset’s returns and security prices. Empirically, stocks with a measure one standard deviation above and below the average have returns that dier by 0.36% the following month (4.44% per annum) which is statistically signicant at the 1%-level. Results remain signicant after including variables such as stock market capitalization, book-to-market ratio, and the probability of information-based trading. Our measure can be understood as a proxy for information risk and/or supply uncertainty. We show the two explanations are theoretically intertwined.
Mathematical Social Sciences | 2016
Stefano Bosi; Patrice Fontaine; Cuong Le Van
In this paper, we consider a two-period consumption model with many financial assets. In the spirit of Hart, consumers purchase financial assets in period 0 and consume in period 1. We differ from Hart by considering that each agent is a country. We provide conditions for the existence of an equilibrium in both international financial assets and goods markets. First, we introduce a weaker notion of Uncovered Interest (rate) Parity (UIP) called Weak Uncovered Interest (rate) Parity (WUIP), and we show its equivalence to the no-arbitrage condition in the international financial markets. Second, we introduce the concept of common no arbitrage and we show its equivalence to UIP. These results bridge concepts of no arbitrage in general equilibrium theory and financial microeconomics and of interest parity in international financial macroeconomics. In a multi-country model with many currencies and only one good, we introduce a country-specific conversion rate which transforms the returns on assets valued in local currency into units of physical good. We the define also the exchange rates between currencies of different countries. The UIP condition is required for the existence of an equilibrium in both international financial assets and goods markets and for the existence of the Law of One Price.
Post-Print | 2007
Radu Burlacu; Patrice Fontaine; Sonia Jimenez-Garces
Academics and practitioners show a tremendous interest in the trending behavior of stock prices. A wide empirical literature establishes that common stocks exhibiting high returns on a period of 3–12 months (past winners) will overperform on subsequent periods. Moreover, past losers continue to be losers on future periods. This phenomenon, called momentum, represents one of the most important challenges for the concept of market efficiency. In practice, financial planners argue that momentum is one of the most effective investment vehicles.
Archive | 2007
Duc Khuong Nguyen; Patrice Fontaine
Synthesis | 2006
David Gueyrard; Patrice Fontaine; Peter G. Goekjian
Journal of Financial Economics | 2012
Radu Burlacu; Patrice Fontaine; Sonia Jimenez-Garces; Mark S. Seasholes
American Finance Association Annual Meetings | 2009
Vicentiu Covrig; Patrice Fontaine; Sonia Jimenez-Garces; Mark S. Seasholes
Archive | 2011
Patrice Fontaine; Abdoul Cissé