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R. G. Hawtrey on the National and International Lender of Last Resort

de Boyer des Roches, Jérôme; Solis Rosales, Ricardo - Université Paris-Dauphine (Paris IX) - 2011

This paper traces R. G. Hawtrey’s main contributions to the theory of the lender of last resort national both (LLR) and international (ILLR). This theory is a continuation of one of the traditions of the classical period, started by Henry Thornton (1802) , that differs in important points from...

Persistent link: https://www.econbiz.de/10010707567

The welfare effect of access to credit

Rojas Breu, Mariana - Université Paris-Dauphine (Paris IX) - 2013

I present a model in which credit and outside money can be used as means of payment in order to analyze how access to … credit affects welfare when credit markets feature limited participation. Allowing more agents to use credit has an ambiguous … credit-card transactions and show that the increase in access to credit from 1990 to the near present has had a slightly …

Persistent link: https://www.econbiz.de/10010708068

Monetary Union, Banks and Financial Integration

Breton, Régis; Rojas Breu, Mariana; Bignon, Vincent - Université Paris-Dauphine (Paris IX) - 2013

different currencies, along with strictly positive conversion costs. A necessary condition for this is that credit market …

Persistent link: https://www.econbiz.de/10010712484

L'impact de la crise de 2008 sur le rationnement du crédit des PME françaises

Alexandre, Hervé; Buisson, Hélène - Université Paris-Dauphine (Paris IX) - 2014

Credit rationing is a classical phenomenon studied for a long period but the last financial crisis put it in the news … situation. This paper tries to estimate the scale of credit rationing for French SMEs over the period 2000-2008. French SMEs …

Persistent link: https://www.econbiz.de/10010960576

Banking relationships and syndicated loans during the 2008 financial crisis

Alexandre, Hervé; Bouaiss, Karima; Refait-Alexandre, … - Université Paris-Dauphine (Paris IX) - 2014

shows the impacts of credit rationing and tightening credit conditions, even in the syndicated loans market. We investigate …. Using a sample of syndicated loans arranged from 2003 to 2008 in North America and Europe, we find that firms with a …

Persistent link: https://www.econbiz.de/10010960595

The choice of an optimal exchange rate regime for the euro CFA countries zone

Linjouom, Mireille - Université Paris-Dauphine (Paris IX) - 2002

Persistent link: https://www.econbiz.de/10011072469

Essais sur la modélisation de la dynamique du taux de change à travers les enseignements de la finance comportementale

Di Filippo, Gabriele - Université Paris-Dauphine (Paris IX) - 2011

The thesis draws lessons from behavioural finance and nonlinear econometrics to build models that provide better explanatory and predictive powers of exchange rate dynamics than traditional models. The first article justifies the failure of traditional models by the failure of their underlying...

Persistent link: https://www.econbiz.de/10011074653

Cross-Market Spillovers with 'Volatility Surprise'

Aboura, Sofiane; Chevallier, Julien - Université Paris-Dauphine (Paris IX) - 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/10011205314

En quoi l'utilisateur chinois est-il différent de l'utilisateur européen ? Une étude comparative exploratoire dans le secteur du luxe

Munier, Thibaut; Guérin, Anne; Renard, Damien - Université Paris-Dauphine (Paris IX) - 2011

Persistent link: https://www.econbiz.de/10010861350

French multinational companies' strategies and co-ordination mechanisms: the role of human resource management in Europe and Nigeria

Huault, Isabelle - Université Paris-Dauphine (Paris IX) - 1996

The everchanging European context may well lead to the evolution of MNCs' strategies in Europe and to the evolution of … of the management process between Europe and Nigeria. These results confirm previous literature on co …

Persistent link: https://www.econbiz.de/10010861475