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False News, Informational Efficiency, and Price Reversals.
Dugast, J.; Foucault, T. - Banque de France - 2014
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 already reflect their information. The number of speculators who choose …
Persistent link: https://www.econbiz.de/10010938543
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Reading Interest Rate and Bond Futures Options' Smiles: How PIBOR and National Operators Appreciated the 1997 French Snap Election
Coutant, S.; Jondeau, E.; Rockinger, M. - Banque de France - 1998
The aim of this paper is to compare various methods which extract a Risk Neutral Density (RND) out of PIBOR as well as …
Persistent link: https://www.econbiz.de/10005036199
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Reading Interest Rate and Bond Futures Options' Smiles: How PIBOR and National Operators Appreciated the 1997 French Snap Election
Coutant, S.; Jondeau, E.; Rockinger, M. - Banque de France - 1998
The aim of this paper is to compare various methods which extract a Risk Neutral Density (RND) out of PIBOR as well as …
Persistent link: https://www.econbiz.de/10005646662
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Shock on Variable or Shock on Distribution with Application to Stress-Tests
Dubecq, S.; Gourieroux, C. - Banque de France - 2012
distinguish the cases of crystallized and optimally updated portfolios. The approach is illustrated by an analysis of the risk of …
Persistent link: https://www.econbiz.de/10009652356
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Endogenous Derivative Networks.
Vuillemey, G.; Breton, R. - Banque de France - 2014
risk and regulatory collateral and clearing requirements. Using the framework, we investigate numerically the size of the …
Persistent link: https://www.econbiz.de/10010815972
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The green swan : central banking and financial stability in the age of climate change
Bolton, Patrick; Despres, Morgan; Silva, Luiz A. Pereira da - Bank für Internationalen Zahlungsausgleich - 2020
these new risks within central banks’ financial stability mandate. However, integrating climate-related risk analysis into … backward-looking risk assessments and existing climate-economic models cannot anticipate accurately enough the form that …
Persistent link: https://www.econbiz.de/10012200152
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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
potential and, in particular when it comes to lack of risk capital, their innovation and R&D activity. Against this background … bank credit for SMEs, the consequences of Basel II on credit risk analysis and SMEs' possible strategic replies were …
Persistent link: https://www.econbiz.de/10011705468
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The effect of Sovereign Wealth Funds’ involvement on stock markets.
Raymond, H. - Banque de France - 2008
This study assesses the reaction of stock markets, when Sovereign Wealth Funds (SWFs) announce that they have taken a stake in a listed company. It adds useful empirical results to the debate on the effect of SWFs on financial markets, which remains so far largely reliant on guess work. We...
Persistent link: https://www.econbiz.de/10009395382