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L'impact de la présence des comités d'audit sur la performance financière des entreprises tunisiennes
Bouaziz, Zied; Triki, Mohamed - HAL - 2012
Le comité d'audit joue un rôle crucial dans la protection des intérêts des actionnaires et des autres parties prenantes. En effet, son efficacité est subordonnée à ses caractéristiques qui se rapportent essentiellement sur l'indépendance de ses membres, la taille du Comité, la...
Persistent link: https://www.econbiz.de/10010587832
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Foreign Direct Investment, Macroeconomic Instability And Economic Growth in MENA Countries
Gbakou, Monnet; Jallab, Mustapha Sadni; Sandretto, René - HAL - 2008
This paper aims at analyzing the possible influence of foreign direct investment (FDI) on economic growth in the particular case of Middle East and North African countries (MENA). During the last years, the relation between FDI and growth in LDCs has been discussed extensively in the economic...
Persistent link: https://www.econbiz.de/10008791657
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Optimal capacity in the banking sector and economic growth
Amable, Bruno; Chatelain, Jean-Bernard; Bandt, Olivier De - HAL - 2002
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. Macro-economic 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/10010750744
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Leapfrogging, Growth Reversals and Welfare
Boucekkine, Raouf; Fabbri, Giorgio; Pintus, Patrick-Antoine - HAL - 2011
We show that leapfrogging and growth reversals entail sizeable welfare gains and losses, respectively, in an AK economy that cannot credibly commit to investment when borrowing from international financial markets. Small no-commitment delays originate a trade-off that has an ambiguous effect on...
Persistent link: https://www.econbiz.de/10008869308
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Is History a Blessing or a Curse? International Borrowing without Commitment, Leapfrogging and Growth Reversals
Boucekkine, Raouf; Pintus, Patrick-Antoine - HAL - 2010
We develop a simple open-economy AK model with collateral constraints that accounts for growth-reversal episodes, during which countries face abrupt changes in their growth rate that lead to either growth miracles or growth disasters. Absent commitment to investment by the borrowing country,...
Persistent link: https://www.econbiz.de/10008793410
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Is High Public Debt Always Harmful to Economic Growth? Reinhart and Rogoff and some complex nonlinearities
Minea, Alexandru; Parent, Antoine - HAL - 2012
In their already-famous 2010 article "Growth-in-a-Time-of-Debt" (AER-100(2)-pp.-573-78), Carmen Reinhart and Kenneth Rogoff show that average post-WW2 economic growth is dramatically declining in advanced economies, once the debt-to-GDP ratio is above a 90% threshold. We explore the relevance of...
Persistent link: https://www.econbiz.de/10010550439
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Hoarding of International Reserves and Sterilization in Dollarized and Indebted Countries : an effective monetary policy?
Mansour, Layal - HAL - 2012
The primary aim of this paper is to explore the effectiveness of Hoarding International Reserves and Sterilization in dollarized and indebted countries such as Turkey and Lebanon, by measuring the sterilization coefficient, and the offset coefficient. It also focuses on exploring the link...
Persistent link: https://www.econbiz.de/10010899390
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The Power of International Reserves: the impossible trinity becomes possible
Mansour, Layal - HAL - 2014
This aim of the present paper is to measure first, the degree of trilemma indexes: exchange rate stability, monetary independence capital account openness while taking into account the increase of hording IR ratio over GDP, over External Debt and over Short Term External Debt. The evolution of...
Persistent link: https://www.econbiz.de/10010899918
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Capital reserve policy, regulation and credibility in insurance
Bourlès, Renaud; Henriet, Dominique - HAL - 2009
suboptimal whenever the return on cash inside the firm is smaller than outside. Because of limited commitment on recapitalization …
Persistent link: https://www.econbiz.de/10008794052
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Tailoring Bank Capital Regulation for Tail Risk
Klimenko, Nataliya - HAL - 2013
dealing with the internal agency problem; (ii) second, it relies on the mechanism of mandatory recapitalization to ensure this …
Persistent link: https://www.econbiz.de/10010933816