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Global measure of causal intensity between real and financial spheres

Bates, Samuel - Université Paris-Dauphine (Paris IX) - 2005

The lack of theoretical consensus on the causality direction between real and financial spheres as well as on the macroeconomic importance of transmission channels drive to an empirical approach of the links between the two areas. The aim of this paper is to offer a method for the analysis of...

Persistent link: https://www.econbiz.de/10010708408

Prices, value and seigniorage in Ricardo’s monetary economics

de Boyer des Roches, Jérôme - Université Paris-Dauphine (Paris IX) - 2013

Persistent link: https://www.econbiz.de/10010708441

An Alternative Model to Basel Regulation

Lépinette-Denis, Emmanuel; Aboura, Sofiane - Université Paris-Dauphine (Paris IX)

alternative model to Basel framework is derived where systemic risk is taken into account in each bank's dynamic. This might be a … systemic risk. Moreover, bank regulation is considered in a two-scale level, either at the bank level or at the system … compute the capital ratio threshold per year for each bank and each country and we rank them according to their level of …

Persistent link: https://www.econbiz.de/10010708963

Search Frictions, Credit Market Liquidity, and Net Interest Margin Cyclicality

Beaubrun-Diant, Kevin; Tripier, Fabien - Université Paris-Dauphine (Paris IX) - 2015

The present paper contributes to the body of knowledge on search frictions in credit markets by demonstrating their ability to explain why the net interest margins of banks behave countercyclically. During periods of expansion, a fall in the net interest margin proceeds from two mechanisms: (i)...

Persistent link: https://www.econbiz.de/10011122209

Les actions reflets (ou tracking stocks)

Ginglinger, Edith - Université Paris-Dauphine (Paris IX) - 2003

Arrivées en France avec l'émission d'Alcatel Optronics en 2000, les actions reflets (ou tracking stocks) sont utilisées aux Etats-Unis depuis 1984. Après une présentation de l'intérêt d'une telle émission, notamment par rapport à une introduction en bourse de filiale (carve-out), cet...

Persistent link: https://www.econbiz.de/10011072340

Conclusion : tâtonnement in the manufacturing of markets

Brousseau, Eric; Glachant, Jean-Michel - Université Paris-Dauphine (Paris IX) - 2014

Persistent link: https://www.econbiz.de/10011072517

Gouvernance contractuelle, risque de transformation et dualisme ﬁnancier

Venet, Baptiste; Bernard, Philippe - Université Paris-Dauphine (Paris IX) - 2003

Les économies des pays en développement sont à la fois caractérisée par une faiblesse de l’infrastructure financière, notamment du cadre légal, et un développement important de la finance informelle. L’imperfection du cadre légal limite considérablement l'efficacité des...

Persistent link: https://www.econbiz.de/10011072581

Transformation Risk, Inefficiency of the Legal System and Financial Dualism in Developing Countries

Bernard, Philippe; Venet, Baptiste - Université Paris-Dauphine (Paris IX) - 2005

Developing countries economies are well-known for both the inadequacy of the institutional framework (this is particularly relevant for the legal system) and the presence of informal nancing. The former characteristic signi cantly reduces the e¢ ciency of con- tractual mechanisms. As a result,...

Persistent link: https://www.econbiz.de/10011072787

Business Cycle and Stock Market Volatility: A Particle Filter Approach

Casarin, Roberto; Trecroci, Carmine - Université Paris-Dauphine (Paris IX) - 2006

The recent observed decline of business cycle variability suggests that broad macroeconomic risk may have fallen as well. This may in turn have some impact on equity risk premia. We investigate the latent structures in the volatilities of the business cycle and stock market valuations by...

Persistent link: https://www.econbiz.de/10011072864

Finance internationale et gestion des risques : questions et exercices corrigés

Simon, Yves; Roy, Sébastien - Université Paris-Dauphine (Paris IX) - 2013

La finalité de cet ouvrage est pédagogique. Il est destiné à faciliter l’acquisition des connaissances dans le domaine de la finance internationale et celui de la gestion des risques. Cette nouvelle édition, actualisée et rénovée, regroupe tous les thèmes importants de ces deux...

Persistent link: https://www.econbiz.de/10011072929