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Human Foibles or Systemic Failure -- Lay Perceptions of the 2008-09 Financial Crisis
Bourgeois-Gironde, Sacha; Leiser, David; Benita, Rinat - HAL - 2010
We examined lay perceptions of the recent financial and economic crisis through 1707 questionnaires, administered via internet, to a varied group of volunteers in a range of countries: France, the US, Russia, Germany, Israel, and sub-Saharan Africa. Respondents graded the contribution of a large...
Persistent link: https://www.econbiz.de/10008791270
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On the Determinants of Exchange Rate Misalignments
Saadaoui, Jamel; Mazier, Jacques; Aflouk, Nabil - HAL - 2011
The literature on exchange rate misalignments (ERM) is very extensive as well as the literature on exchange rate determinants. To our knowledge, however, no study has analyzed the determinants of exchange rate misalignments. With the increasing movements of capital flows observed since the...
Persistent link: https://www.econbiz.de/10010662752
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On the Determinants of Exchange Rate Misalignments
Saadaoui, Jamel; Mazier, Jacques; Aflouk, Nabil - HAL - 2013
The literature on exchange rate misalignments is very extensive as well as the literature on exchange rate determinants. To our knowledge, however, no study has analyzed the determinants of exchange rate misalignments. As huge capital inflows have been pouring into emerging countries since the...
Persistent link: https://www.econbiz.de/10010738841
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FINANCIAL DEVELOPMENT AND INSTABILITY:THE ROLE OF THE LABOUR SHARE
Orgiazzi, Elsa - HAL - 2007
This paper examines the role of the labour share in creating instability in a small open economy. We assume that financial markets are imperfect so that entrepreneurs are credit constrained, and that this constraint is tighter for low levels of financial development. Aghion, Bacchetta and...
Persistent link: https://www.econbiz.de/10008793997
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Do Interactions between Finance and Labor Market Institutions Affect Wage Distribution ?
Darcillon, Thibault - HAL - 2012
This article analyzes the linkages between financial liberalization, labor market institutions and wage inequality for 17 OECD countries over the 1989 to 2005 period. With the help of a fixed effect model with an interacted term, one crucial contribution of this article is to analyze the...
Persistent link: https://www.econbiz.de/10010635072
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Political Partisanship and Financial Reforms in Advanced Countries
Darcillon, Thibault - HAL - 2011
Applying regressions on a sample of 18 OECD countries from 1970 to 2009 using new indicators, we find that right-wing governments liberalize more the financial sector that left-wing governments. We show that if a left-wing government accepts to liberalize the financial sector, an increase of...
Persistent link: https://www.econbiz.de/10010635127
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Growth and Financial Liberalization under Capital Collateral Constraints: The Striking Case of the Stochastic AK model with CARA Preferences
Boucekkine, Raouf; Fabbri, Giorgio; Pintus, Patrick A. - HAL - 2013
We consider a small-open, collateral-constrained AK economy. We show that the combination of CARA preferences and uncertainty on capital inflows in such an economy generates long-term (expected) growth while the deterministic counterpart does not. In this framework, long-term growth is entirely...
Persistent link: https://www.econbiz.de/10010933848
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On the Determinants of Exchange Rate Misalignments
Saadaoui, Jamel; Mazier, Jacques; Aflouk, Nabil - HAL - 2013
The literature on exchange rate misalignments is very extensive as well as the literature on exchange rate determinants. To our knowledge, however, no study has analyzed the determinants of exchange rate misalignments. As huge capital inflows have been pouring into emerging countries since the...
Persistent link: https://www.econbiz.de/10010775953
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Reforming incentive schemes under political constraints: The physician agency
Demange, Gabrielle; Geoffard, Pierre Yves - HAL - 2006
In many developed countries attempts to reform physicians payment schemes have failed. To analyze some of the difficulties, this paper studies reforms of payment schemes in situations such as the physician agency, where the quality of the good produced is imperfectly observable by the payer. We...
Persistent link: https://www.econbiz.de/10008923086
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Is the Insurance Cost-of-Capital Fair?
Gatumel, Mathieu - HAL - 2011
This paper aims at presenting the insurance cost-of-capital com- putation issue. It highlights two methodologies … premium adopted by supervisory authorities. These strategies are based either on market return of insurance companies or on … the modelling of insurance business profit and loss. We estimate a cost-of-capital rate corre- sponding to these basic …
Persistent link: https://www.econbiz.de/10009393806