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Governance of French Yachting Harbours : a case study

Bo, Damien - HAL - 2006

presents the case of leisure harbours and designs an initial model of their governance issues. An empirical analysis of a …

Persistent link: https://www.econbiz.de/10008794093

Mini-perm Structures in PPP Contracts: Risks and Opportunities

Dupas, Nicolas; Marty, Frédéric; Voisin, Arnaud - HAL - 2011

Prior to the 2008 financial crisis, the economic model of PPPs benefited from a very favorable environment in terms of credit availability and cost. The high level of liquidity in financial markets allowed rising abundant and not expensive external resources, because of both the low level of...

Persistent link: https://www.econbiz.de/10010541078

Towards a Principal-Agent Based Typology of Risks in Public-Private Partnerships

Palma, André De; Leruth, Luc; Prunier, Guillaume - HAL - 2009

There is a strong economic rationale for close cooperation between the public and private sectors. This has resulted in a significant increase in the demand for the provision of public services through instruments combining public and private money such as public-private partnerships (PPPs or...

Persistent link: https://www.econbiz.de/10008794283

The Collateral Risk of ETFs

Hurlin, Christophe; Iseli, Gregoire; Pérignon, Christophe - HAL - 2014

As most Exchange-Traded Funds (ETFs) engage in securities lending or are based on total return swaps, they expose their investors to counterparty risk. To mitigate the funds' exposure, their counterparties must pledge collateral. In this paper, we present a framework to study collateral risk and...

Persistent link: https://www.econbiz.de/10010899467

Cross-Market Spillovers with 'Volatility Surprise'

Aboura, Sofiane; Chevallier, Julien - HAL - 2014

This article adopts the asymmetric DCC with one exogenous variable (ADCCX) model developed by Vargas (2008), by updating the concept of 'volatility surprise' to capture cross-market relationships. Current methods for measuring spillovers do not focus on volatility interactions, and neglect...

Persistent link: https://www.econbiz.de/10010821166

Energy Risk Management with Carbon Assets

Chevallier, Julien - HAL - 2009

This article proposes a mean-variance optimization and portfolio frontier analysis of energy risk management with carbon assets, introduced in January 2005 as part of the EU Emissions Trading Scheme. In a stylized exercise, we compute returns, standard deviations and correlations for various...

Persistent link: https://www.econbiz.de/10008793949

Measuring corruption: perception surveys or victimization surveys?

Roca, Thomas - HAL - 2011

While methodologies and survey techniques recorded progress over the years, corruption measurement remains a many-headed monster. Since 2003 and the first publication of Transparency International's Global Corruption Barometer, researchers have access to population's feeling about the corruption...

Persistent link: https://www.econbiz.de/10009323507

Assessing the World Bank's influence on the good governance paradigm

Diarra, Gaoussou; Plane, Patrick - HAL - 2011

What does governance mean for the World Bank and to what extent does the organization succeed in diffusing the paradigm … worldwide? The World Bank primarily focused on economic aspects of governance in the 1980s, and progressively moved to its … knowledge on this specific issue. The potential influence of the World Bank's main governance indicators: Country Policy and …

Persistent link: https://www.econbiz.de/10009278331

Public Debt Accumulation and Institutional Quality: Can Corruption Improve Welfare?

Faure, Pierre-Henri - HAL - 2009

We explore the consequences of bad governance and corruption for public debt and welfare in a model of policymaking …

Persistent link: https://www.econbiz.de/10009278335

How does external debt impact democratization? Evidence from developing countries

Combes, Jean-Louis; OUEDRAOGO, Rasmané - HAL - 2014

In this paper we empirically discuss whether or not external debt affects country's governance. Indeed, indebted … countries need some political governance reforms in order to send out a positive signal to international financial community and … costs to political governance. Our study focuses on the period 1985-2011 and spans 103 developing countries. To deal with …

Persistent link: https://www.econbiz.de/10010899443