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De la crise financière à la crise économique
2010
Persistent link: https://www.econbiz.de/10003979521
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La crise de la dette souveraine
2012
Persistent link: https://www.econbiz.de/10009559850
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Financing SMEs in Europe
Balling, Morten (ed.); Bernet, Beat (ed.); Gnan, Ernest (ed.) - Conference on "Financing SMEs in Europe" <2008, Paris>; … - 2009
Small and medium-sized enterprises are a centrepiece of Europe's economy. Due to their limited size and their generally lower creditworthiness, their access to financial market instruments is more limited than for large enterprises, which benefit from more elaborate Treasury operations,...
Persistent link: https://www.econbiz.de/10011705468
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The impact of unconventional monetary policy on the market for collateral: The case of the French bond market
Avouyi-Dovi, S.; Idier, J. - Banque de France - 2011
financial institutions to market participants. In particular, we analyze liquidity and volatility premia on the French …; in the other, which we dub the unconventional regime, monetary policy operations lead to volatility and liquidity premia …
Persistent link: https://www.econbiz.de/10009275673
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Forecasting growth during the Great Recession: is financial volatility the missing ingredient?
Ferrara, L.; Marsilli, C.; Ortega, J-P. - Banque de France - 2013
evaluate the leading role of the daily volatility of two major financial variables, namely commodity and stock prices, in their …
Persistent link: https://www.econbiz.de/10010815989
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The Growth-Volatility Relationship: New Evidence Based on Stochastic Volatility in Mean Models
Lemoine, M.; Mougin, C. - Banque de France - 2010
This paper models the relationship between growth and volatility for G7 economies in the time period 1960-2009. It … delivers for the first time estimates of this relationship based on a logarithm variant of stochastic volatility in mean (SV … show that output volatility has increased in all countries since the beginning of the financial crisis, which illustrates …
Persistent link: https://www.econbiz.de/10008511689
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Central bank liquidity and market liquidity: the role of collateral provision on the French government debt securities market.
Avouyi-Dovi, S.; Idier, J. - Banque de France - 2010
We examine the effects of collateral provision as a potential channel between funding liquidity tensions and the scarcity of market liquidity. This channel consists in transferring the credit risk associated with refinancing operations between financial institutions to market participants that...
Persistent link: https://www.econbiz.de/10008516105
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Credit Constraints and the Cyclicality of R&D Investment: Evidence from France.
Aghion, P.; Askenazy, P.; Berman, N.; Cette, G.; Eymard, L. - Banque de France - 2008
volatility in more credit constrained firms. …
Persistent link: https://www.econbiz.de/10008528504
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Illiquidity, Financial Development and the Growth-Volatility Relationship Illiquidity, Financial Development and the Growth-Volatility Relationship.
Kharroubi, E. - Banque de France - 2006
This paper studies how financial development affects the relation between average growth and growth volatility through … volatility is more likely to be negative in developing countries, but more likely to be positive in developed economies. Finally …
Persistent link: https://www.econbiz.de/10004998817
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Interest Rate Transmission and Volatility Transmission along the Yield Curve.
Avouyi-Dovi, S.; Jondeau, E. - Banque de France - 1999
In order to analyse the interest rate transmission mechanism, we study daily Euro-rates term structure for the US, Germany, and the UK between 1983 and 1997. We estimate multivariate VECM-GARCH models, which takes into account most of the usual feaures of financial data (non-stationarity,...
Persistent link: https://www.econbiz.de/10005487060