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Does the law alone explain the rise in bankruptcies in XIXth century France?
Hautcoeur, Pierre-Cyrille; Levratto, Nadine - HAL - 2006
This paper is the first result of a project aiming at understanding the history of bankruptcy law from an empirical economic perspective. By contrast with some proponents of "law and economics" (e.g. La Porta & alii, 1998), we consider that the impact of bankruptcy law on national economic...
Persistent link: https://www.econbiz.de/10010930170
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Schumpeter on money, banking and finance: An institutionalist perspective
Festré, Agnès; Nasica, Eric - HAL - 2009
In this paper, we provide an institutional interpretation of Schumpeter's analysis of money, banking and finance. This interpretation is founded on an overall investigation into Schumpeter's writings addressing those issues from different perspectives.In section 1, we discuss the widespread...
Persistent link: https://www.econbiz.de/10008788989
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La législation française en matière d'usure et le développement de l'accès au crédit des microentreprises
Attuel-Mendes, Laurence; Ashta, Arvind - HAL - 2007
crédit est plafonné par la législation. En parallèle, la croissance de la microfinance dans le monde a montré que les … techniques innovatrices peuvent augmenter la disponibilité de crédit, sans augmenter indûment le risque. Néanmoins, cette … croissance de l'accès au crédit peut ne pas se concrétiser si les taux de crédit restent plafonnés par des lois régissant l …
Persistent link: https://www.econbiz.de/10008791616
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The Effect of Nominal Exchange Rate Volatility on Real Macroeconomic Performance in the CEE Countries
Arratibel, Olga; Furceri, Davide; Martin, Reiner; … - HAL - 2011
real per output growth, excess credit, foreign direct investment (FDI) and the current account balance, in the Central and … credit. The results are economically and statistically significant, and robust. …
Persistent link: https://www.econbiz.de/10008792016
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Public expenses, credit and natural capital: Substitution or complementarity?
Combes, Jean-Louis; Delacote, Philippe; Combes, Pascale … - HAL - 2014
Improving access to capital through credit and public spendings is an important step toward development and poverty … shows that deforestation is positively correlated to access to credit and public spendings, which gives some evidence that … natural capital is a complement to credit and public spendings. …
Persistent link: https://www.econbiz.de/10010899772
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Saint-Simonism and Utilitarianism: the history of a paradox. Bentham's Defence of Usury under Saint-Amand Bazard's Interpretation
Bellet, Michel - HAL - 2011
This article reveals and studies the connections between Bentham's Defence of Usury (1787) and Saint-Amand Bazard (1791-1832), a founder of Saint-Simonianism. We first traces Bazard's exposure to Bentham through his unknown friendship with Bentham's publisher Etienne Dumont. After introducing in...
Persistent link: https://www.econbiz.de/10009401097
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"Time Preference and Investment Expenditure": Comment on Hülsmann
Méra, Xavier - HAL - 2011
Hülsmann (2008) argues that the neglect of time preference changes on the demand side of the time market renders Rothbard's (1993) analysis incomplete in that it unduly portrays a rise in the volume of investment as a necessary counterpart to a fall in the pure interest rate. Focusing on the...
Persistent link: https://www.econbiz.de/10010548613
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The international transmission of monetary shocks in a dollarized economy: The case of USA and Lebanon
Goux, Jean-François; Cordahi, Charbel - HAL - 2007
We show that an American monetary shock wields an influence, though limited, over the Lebanese output in accordance with the literature advances. However, as we are waiting for a stronger transmission of U.S. short-term rates to Lebanese short-term rates, we notice that this transmission is weak...
Persistent link: https://www.econbiz.de/10008790871
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The Fed and the ECB: Why such an apparent difference in reactivity?
Levieuge, Grégory; Penot, Alexis - HAL - 2008
Compared with the U.S., the amplitude of the European monetary policy rate cycle is strikingly narrow. Is it an evidence of a less reactive ECB? This observation can certainly reflect the preferences and then the strategy of the ECB. But its greater inertia must also be assessed in the light of...
Persistent link: https://www.econbiz.de/10008791853
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Between the cup and the lip
Asensio, Angel - HAL - 2009
The paper states that, although Post Keynesian interest rules may be feasible and sustainable in favourable circumstances, there is a shared difficulty as for the setting of long-term interest rates in a context of strong uncertainty and shifting liquidity preference. According to Keynes theory...
Persistent link: https://www.econbiz.de/10008794750