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Optimal Capacity in the Banking Sector and Economic Growth.
Amable, B.; Chatelain, J.-B.; De Bandt, O. - Banque de France - 2001
banking system. For that purpose, we consider an overlapping generation model with endogenous growth. There is horizontal … differentiation and imperfect competition in the banking sector. Macroeconomic shocks affect the return on capital and, together with … the expectations of depositors, condition the stability of the banking sector. We specify to what extent deposit insurance …
Persistent link: https://www.econbiz.de/10005036182
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Optimal Capacity in the Banking Sector and Economic Growth.
Amable, B.; Chatelain, J.-B.; De Bandt, O. - Banque de France - 2001
banking system. For that purpose, we consider an overlapping generation model with endogenous growth. …
Persistent link: https://www.econbiz.de/10005487051
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Can Financial Infrastructures Foster Economic Development?.
Amable, B.; Chatelain, J.-B. - Banque de France - 2001
In this paper, financial infrastructures increase the efficiency of the banking sector: they decrease the market power …
Persistent link: https://www.econbiz.de/10005487052
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The impact of a `soda tax' on prices. Evidence from French micro data.
Berardi, N.; Sevestre, P.; Tepaut, M.; Vigneron, A. - Banque de France - 2012
Based on a unique database consisting of hundreds of thousands of non-alcoholic beverage price records collected in about 800 supermarkets in France, we evaluate the impact on prices of the soda tax, an excise on drinks with added sugar or sweetener, introduced in January 2012 in France. We...
Persistent link: https://www.econbiz.de/10010815956
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Convergence in Household Credit Demand Across Euro Area Countries: Evidence from Panel Data.
De Bandt. O.; Bruneau, C.; El Amri, W. - Banque de France - 2006
provides evidence on the convergence of long run credit demand determinants (interest rates, investment and house prices) among …
Persistent link: https://www.econbiz.de/10004998838
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Firm-Network Characteristics and Economic Robustness to Natural Disasters
Henriet, F.; Hallegatte, S.; Tabourier, L. - Banque de France - 2011
This article proposes a theoretical framework to investigate economic robustness to exogenous shocks such as natural disasters. It is based on a dynamic model that represents a regional economy as a network of production units through the disaggregation of sectorscale Input-Output tables....
Persistent link: https://www.econbiz.de/10009386427
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Estimating Gram-Charlier Expansions with Positivity Constraints.
Jondeau, E.; Rockinger, M. - Banque de France - 1998
The Gram-Charlier expansion, where skewness and kurtosi directly appear as parameters, has become popular in Finance as a generalization of the normal density. We show how positivity constraints can be numerically implemented, thereby guaranteeing that the expansion defines a density. The...
Persistent link: https://www.econbiz.de/10005036204
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Estimating Gram-Charlier Expansions with Positivity Constraints.
Jondeau, E.; Rockinger, M. - Banque de France - 1999
Gram-Charlier expansion have become popular in Finance as a generalization over the normality assumption. Even though Gram-Charlier expansions allow for a certain flexibility over skewness and kurtosis they have the unfortunate drawback of sometimes yielding negative densities. The goal of this...
Persistent link: https://www.econbiz.de/10005487055
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Labour Force Participation and Tax-Benefit Systems: A Cross-Country Comparative Perspective
Galušcák, K.; Kátay, G. - Banque de France - 2015
This paper investigates the extent to which cross-country differences in aggregate participation rates can be explained by divergence in tax-benefit systems. We take the example of two countries, the Czech Republic and Hungary, which – despite a lot of similarities – differ markedly in...
Persistent link: https://www.econbiz.de/10011156829
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Default, liquidity and crises: an econometric framework
Monfort, A.; Renne, J-P. - Banque de France - 2011
In this paper, we present a general discrete-time affine framework aimed at jointly modeling yield curves associated with different debtors. The underlying fixed-income securities may differ in terms of credit quality and/or in terms of liquidity. The risk factors follow conditionally Gaussian...
Persistent link: https://www.econbiz.de/10009275672