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The CeReFiM studies issues of finance and macroeconomics. In recent years, several research programs have been conducted on specific topics such as complex financial systems, sustainable finance and systemic risk in the mutual fund industry. In most cases, research questions are approached from an empirical perspective using modern econometric techniques. Currently, CeReFiM consists of a balanced group of senior and junior members who work in close collaboration with each other, as well as with academics and financial practitioners from numerous universities and financial institutions in Belgium and abroad.

Theses in progress AGBA Komlan (CeReFiM) | Thesis title: Essays in international Finance (Supervisor: GNABO Jean-Yves; Co-supervisor: BENANNI Hamza) ALVAREZ Pablo (CRED) | Thesis title: Essays on development economics with a focus on gender inequality (Supervisor: GUIRKINGER Catherine) ALVAREZ Pablo (CRED) | Thesis title: Essays on development economics with a focus on gender inequality (Supervisor: GUIRKINGER Catherine) AYACHI Syrine (CeReFiM) | Thesis title: Essays on green bonds BARAKA KUSINZA Doux (CRED) | Thesis title: Essays in gender economics (Supervisor: GUIRKINGER Catherine)DEBROISE Auguste (CERPE) | Thesis title: Essays on behavioral political economicsERNAELSTEEN Christophe (CERPE) | Thesis title: Essays in public economics and regional competitiveness (Supervisor: DEJARDIN Marcus) FERRONI Giorgio (CERPE) | Thesis title: Essays on platforms and sharing economy (Supervisor: TOULEMONDE Éric)GUEBEN Marine (CRED) | Thesis title: To Be AnnouncedJOLIVET Anna (CRED) | Thesis title: Essays in development economics and household decision-making (Supervisor: GUIRKINGER Catherine)LÜLLE Angela (CRED) | Thesis title: Essays in Development EconomicsMOHAMED SULIMAN Ammar (CeReFiM) | Thesis title: To Be AnnouncedPEREZ RIAZA Baptiste (CeReFiM) | Thesis title: Essays on Crypto-assets and financial stability (Supervisor: GNABO Jean-Yves)RENK Andréa (CRED) | Thesis title: Essays on institutional change in India and Nepal (Supervisor: BALAND Jean-Marie)RICHARD Quentin (CRED) | Thesis title: Intergenerational transmission of life expectancy (Supervisor: GUIRKINGER Catherine ; Co-supervisor: BALAND Jean-Marie)SCHRAVERUS Louise (CeReFiM) | Thesis title: Three essays on Sovereign Wealth Funds SOUDANT Joey (CeReFiM) | Thesis title: Applications of complex systems in macro-finance topicsTCHINDA Charlie (CERPE) | Thesis title: Essays in the economics of self-employment (Supervisor: DEJARDIN Marcus) Past theses All theses completed in the last five academic years.2022-2023BAILY Camille: Climate Change: Impact and Challenges for the Financial SystemBHARTI Nitin: Essays on Socio-Economic Inequality and Development in India and China: A Historical & Institutional PerspectiveFARÈ Luca: Entrepreneurship, Small Businesses' Innovation and ContextsLEDRU François-Xavier: On the financial attributes of impact investments and the behavior of socially minded agentsMANUEL Clarice: Essays on women empowerment and norms in developing countries: the case of Nepal and the PhilippinesWOITRIN François: Three Essays on Mechanism Design and Family Economics2021-2022BEQUET Ludovic: Essays on agricultural productivity and intrahousehold dynamics in the PhilippinesKITUMBA Guylord: Coping strategies by microentrepreneurs in Kinshasa2020-2021DAYE Modeste: Essays in Development Economics: On Agents' Prosocial and Financial Behaviors. Supervisors: Profs. Romain Houssa and Paul Reding.2019-2020MICHELS Anne: Migration and Bequest Decisions: Theory and Evidence from the Bolivian Altiplano. Supervisor: Prof. Jean-Philippe Platteau.VANHOMWEGEN Henri: Distinctives Strategies in the Equity Mutual Funds Industry. Supervisors: Profs. Jean-Yves Gnabo and Oscar Bernal.2018-2019MOHIMONT Jolan: Business Cycles and Monetary Policy in a Small Open Emerging Economy. Supervisor: Prof. Romain Houssa.LAURENT Hélène: Essays in Public and Entrepreneurship Economics: Taxation and Corruption. Supervisor: Prof. Marcus Dejardin.HUBERT Olivier: Heterogeneous Effects of Fiscal Policy on Sovereign Yields. Supervisor: Prof. Romain Houssa.GROSS Jérémie: Individual and Family Behavior in Poor Households: Evidence from Semi-Arid Burkina Faso. Supervisors: Profs. Catherine Guirginger and Jean-Philippe Platteau.DELMEZ Françoise: Jobless Recoveries: No Jobs for the Unemployed, Longer Hours for Workers? Supervisor: Prof. Alain de Crombrugghe.2017-2018DAHLQVIST Carl-Henrik: Essays in Econophysics and Applied Econometrics: Modeling Complexity in Finance. Supervisors: Profs. Jean-Yves Gnabo and Sophie Béreau.SCHOLTES Nicolas: Interbank Networks and Financial Stability. Supervisors: Profs. Jean-Yves Gnabo and Sophie Béreau.2016-2017GONNE Nicolas: Consequences of Firm-Level Heterogeneity for Corporate Financial and Tax Policy. Supervisor: Prof. Eric Toulemonde.SIMILON Astrid: Essays on the Economics of Nonprofits and Philanthropy. Supervisor: Prof. Gani Aldashev.MERGESA Kelbesa: Government Finances and Financial Shocks in Developing Economies. Supervisor: Prof. Romain Houssa.GERACI Marco: Essays on Complexity in the Financial System. Supervisors: Profs. Jean-Yves Gnabo and Davy Paindaveine.

Following are links to working papers from the DeFiPP Research Institute. This series of working papers was launched in September 2021.

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Thematic sessionsThe day will be organized in two thematic sessions:Cancer metabolismNew advances in cancer therapyInvited speakersProf. Rebecca FITZGERALD, Early Cancer Institute, University of Cambridge, UKDr. Sébastien DUTERTRE, IBMM, University of Montpellier, FranceProf. Sarah-Maria FENDT, Laboratory of Cellular Metabolism and Metabolic Regulation, VIB-KU Leuven, BelgiumDr. Arnaud BLOMME, Laboratory of Metabolic Regulation, GIGA Institute, University of Liège, Belgium Call for communicationsYoung researchers are invited to submit abstracts for oral communications and posters. All topics related to the field of cancer research are welcome. The deadline for abstract submission is April 1, 2025. Organizing committeeProf. Jean-Pierre Gillet - UNamur, NARILIS, Laboratory of Molecular Cancer BiologyProf. Marc Hennequart - UNamur, NARILIS, Laboratory of Cancer metabolismProf. Marielle Boonen - UNamur, NARILIS, Laboratory of Intracellular Trafficking BiologyProf. Benjamin Beck - ULB, IRIBHMProf. Lionel D'Hondt - CHU UCL Namur, Department of Oncology More info

Abstract Radiotherapy is a cornerstone of cancer treatment and is currently administered to approximately half of all cancer patients. However, the cytotoxic effects of ionizing radiation on normal tissues represent a major limitation, as they restrict the dose that can be safely delivered to patients and, consequently, reduce the likelihood of effective tumor control. In this context, delivering radiation at ultra-high dose rates (UHDR, > 40 Gy/s) is gaining increasing attention due to its potential to spare healthy tissues surrounding the tumor and to prevent radiation-induced side effects, as compared to conventional dose rates (CONV, on the order of Gy/min).The mechanism underlying this protective effect-termed the FLASH effect-remains elusive, driving intensive research to elucidate the biological processes triggered by this type of irradiation.In vitro models offer a valuable tool to support this research, allowing for the efficient screening of various beam parameters and biological responses in a time- and cost-effective manner. In this study, multicellular tumor spheroids and normal cells were exposed to proton irradiation at UHDR to evaluate its efficacy in controlling tumor growth and its cytotoxic impact on healthy tissues, respectively.We report that UHDR and CONV irradiation induced a comparable growth delay in 3D tumor spheroids, suggesting similar efficacy in tumor control. In normal cells, both dose rates induced similar levels of senescence; however, UHDR irradiation led to lower apoptosis induction at clinically relevant doses and early time points post-irradiation.Taken together, these findings further highlight the potential of UHDR irradiation to modulate the response of normal tissues while maintaining comparable tumor control.JuryProf. Thomas BALLIGAND (UNamur), PresidentProf. Stéphane LUCAS (UNamur), SecretaryProf. Carine MICHIELS (UNamur)Dr Sébastien PENNINCKX (Hôpital Universitaire de Bruxelles)Prof. Cristian FERNANDEZ (University of Bern)Dr Rudi LABARBE (IBA)

For more than 30 years, the Department of Flexible Scheduling at the Faculty of Economics, Management, Communication, and Political Science (EMCP) at the University of Namur has been helping adults returning to school to acquire new skills. In 2023, the Department launched a brand-new program: a Master's degree specializing in sustainable development management and economics. This one-year program addresses environmental and societal challenges by training professionals to support the ecological and economic transition. 

The discovery of nuclear energy marked a turning point in human history. Today, alongside debates about its role in energy production and its destructive potential, nuclear energy continues to be used in a wide range of fields, such as medical research and cancer treatments. At UNamur, nuclear energy is thus at the heart of the work of biologists, physicists, and art historians.

On Saturday, April 18, 2026, Vice-Rector for Research Benoît Champagne and Professor Anne-Catherine Heuskin, a Télévie project sponsor, represented the UNamur community on the set of the Télévie gala. On this occasion, they presented a check for 20,000 euros to support this FRS-FNRS initiative, which raises funds to finance numerous research projects at universities in the Wallonia-Brussels Federation, with one goal: to improve treatments for this disease, which now affects nearly 80,000 new patients and claims nearly 30,000 lives each year in Belgium. 

New Christian churches are experiencing spectacular growth, particularly in Africa. While they are attracting a growing number of followers, it is notable that women are joining them far more often than men. Catherine Guirkinger, a professor and researcher in development economics, examines this gendered phenomenon of religious conversion and the economic mechanisms underlying it. This original research has just received prestigious WelCHANGE funding through the 2025 call for proposals from the F.R.S-FNRS. 

For about a decade, a disease has been attracting the attention of the medical community. Its name: sarcopenia. This condition affects more than 10% of people over the age of 65 and is characterized by a significant loss of muscle mass and strength. Charlotte Beaudart, a member of the Department of Biomedical Sciences and the NARILIS Research Institute, has made a name for herself on the international stage in recent years by contributing to a better understanding of this disease and raising awareness about it.