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De la crise financière à la crise économique

2010

Persistent link: https://www.econbiz.de/10003979521

La crise de la dette souveraine

2012

Persistent link: https://www.econbiz.de/10009559850

False News, Informational Efficiency, and Price Reversals.

Dugast, J.; Foucault, T. - Banque de France - 2014

Speculators can discover whether a signal is true or false by processing it but this takes time. Hence they face a trade-off between trading fast on a signal (i.e., before processing it), at the risk of trading on a false news, or trading after processing the signal, at the risk that prices...

Persistent link: https://www.econbiz.de/10010938543

Financial stability in the EU new Member States, acceding and candidate countries.

Diev, P.; Pouvelle, C. - Banque de France - 2008

Rapid credit growth in the EU new Member States, acceding and candidate countries has raised the issue of financial stability in the region. This rapid credit growth has been accompanied by the deterioration in the current account balance and the large-scale distribution of foreign currency...

Persistent link: https://www.econbiz.de/10009391779

La politique monétaire à l'heure du marché mondial des capitaux

Cailleteau, Pierre (ed.); Grunspan, Thierry (contributor) - 1998

Persistent link: https://www.econbiz.de/10000992488

Optimal Price Setting During a Currency Changeover: Theory and Evidence from French Restaurants

Berardi, N.; Eife, T. A.; Gautier, E. - Banque de France - 2012

This paper studies firms' price-setting decision during a currency changeover. Buyers' difficulties with the new nominal price level create incentives to raise prices temporarily but doing so comes at the risk of damaging a seller's reputation in the long run. We model firms' trade-off and study...

Persistent link: https://www.econbiz.de/10010534896

Financial Regulation in General Equilibrium

Goodhart, Ch. A. E.; Kashyap, A. K.; Tsomocos, D. P.; … - Banque de France - 2012

This paper explores how different types of financial regulation could combat many of the phenomena that were observed in the financial crisis of 2007 to 2009. The primary contribution is the introduction of a model that includes both a banking system and a “shadow banking system” that each...

Persistent link: https://www.econbiz.de/10010815967

Euro Area monetary policy shocks: impact on financial asset prices during the crisis?

Jardet, C.; Monks, A. - Banque de France - 2014

We use high-frequency intraday interest rate data to measure euro area monetary policy shocks on the days of ECB … policy shocks on euro-denominated financial asset prices and confirm that shocks related to the future path of monetary … certain asset classes since the onset of the crisis, notably the sovereign bonds of stressed euro area countries. These …

Persistent link: https://www.econbiz.de/10010938544

Macroprudential framework:key questions applied to the French case.

Bennani, T.; Després, M.; Dujardin, M.; Duprey, T.; … - Banque de France - 2014

This paper presents the main features of macroprudential policy with a focus on the French case. We first recall the ultimate objective of this policy, which is to prevent and to mitigate systemic risk, i.e. the risk of “widespread disruptions to the provision of financial services that have...

Persistent link: https://www.econbiz.de/10010815921

Assessing the losses in euro area potential productivity due to the financial crisis.

Chouard, V.; Fuentes Castro, D.; Irac, D.; Lemoine, M. - Banque de France - 2013

productivity (TFP) of the four largest euro area economies, as well as that of the rest of the euro area. We used a reduced …

Persistent link: https://www.econbiz.de/10010815948