) the central bank is not allowed to provide direct financial support to stressed member states or to play the role of … lender of last resort in sovereign bond markets, and (ii) the responsibility of fighting against large scale bank runs … pessimistic investors' expectations. Without significant backstop by the central bank, the financial safety net may actually …

/renewed form of knowledge) in post merger phases. In these researches, Knowledge integration appears as a key issue for the success … on an empirical study of a merger between 3 French public administrations, we propose a framework to analyze individual …

adopt new strategies : merger, simple or mutual links of interoperability. We develop a model of industrial organization to … practice" of postmarkets incites them to accept this type of agreements. On the other hand, a merger between incumbent clearing … houses can occur under some conditions. The merger is beneficial to these last ones as well as to the investors, but it is …

merger is accepted with an attendant risk of collusion with the benchmark case in which competition is present ex-post. The … collude if a merger is rejected. In fact, firms can have incitations to make collusion ex-post (after a rejection of a merger …

les associations participant à une fusion, mais aussi pour l'expert-comptable et le commissaire aux comptes. Effectivement … éléments pour lesquels le professionnel comptable doit être attentif : dans le cadre d'une fusion d'associations, quelles sont …