The paper examines the behaviour of 100 firms interviewed regularly between 1993-4. It reaches the following conclusions:1) Following the inter-enterprise debt (IED) crisis of 1992, most firms have switched to a `pay-in-advance' system, which pushed firms towards a `hard budget constraint'...

Abstract In his October 2013 report, Mr Maystadt discussed the possibility of clarifying and expanding the ‘public good’ criterion in EU Accounting Framework, namely that: Any accounting standards adopted should not jeopardise financial stability, and they must not hinder the EU’s economic...

[fre] L'article présente une vue perspective des mutations et des innovations en cours dans les systèmes financiers. Une interprétation de ces changements permet de dégager les raisons de cette évolution et ses conséquences tant macroéconomiques que micro-économiques. L'analyse s'oriente...