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Financial intermediation, monitoring, and liquidity
Marini, François - Université Paris-Dauphine (Paris IX) - 2008
question : why do banks fund loans with both equity and demand deposits ? The model determines the optimal bank capital … structure. In comparison with a Diamond-Dybvig bank which funds loans with demand deposits only, a capitalized financial … model identifies the sources of market failure that may justify banking regulation. …
Persistent link: https://www.econbiz.de/10010707190
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Le protectionnisme bancaire a-t-il un sens aujourd'hui ?
Metais, Joël - Université Paris-Dauphine (Paris IX) - 2008
During this interview, Joel Metais retraces the milestones in the history of the financial industry, suffering under the constraints, as least as far as retail banks are concerned, of rules and regulations constituting thinly veiled protectionism, which in Europe has at last begun to give way to...
Persistent link: https://www.econbiz.de/10011072201
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Le contrôle des activités externalisées : le cas des offices nationaux marocains
Sebti, Hicham - Université Paris-Dauphine (Paris IX) - 2007
Outsourcing is one of the organizational practices that have increased in popularity over the past decade, even in the public sector. However, management control literature gives a little attention to this new form of organization. Two paradigms dominate the inter-organizational management...
Persistent link: https://www.econbiz.de/10010707489
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Centralised order books versus hybrid order books: a paired comparison of trading costs on NSC (Euronext Paris) and SETS (London Stock Exchange)
Gajewski, Jean-François; Gresse, Carole - Université Paris-Dauphine (Paris IX) - 2004
This article compares the cost of trading large capitalisation equities on the hybrid order-driven segment of the London Stock Exchange and the centralised electronic order book of Euronext. Using samples of stocks matched according to economic sector, free float capitalisation, and trading...
Persistent link: https://www.econbiz.de/10010707560
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La perspective des coûts de transaction perçus : une explication de l'intermédiation immobilière
Larceneux, Fabrice; Lefebvre, Thomas; Simon, Arnaud - Université Paris-Dauphine (Paris IX) - 2014
The aim of this research is to study the determinants of the use of direct versus intermediated solutions on the French housing market. The theoretical perspective of perceived transaction costs provides a useful framework for understanding the existence of a specific mode of transaction in real...
Persistent link: https://www.econbiz.de/10011096659
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Le mouvement de concentration dans l'industrie électro-gazière en Europe
Méritet, Sophie - Université Paris-Dauphine (Paris IX) - 2013
and subject to economies of scale. Concentration created a European oligopoly. The analysis of this consolidation cannot …
Persistent link: https://www.econbiz.de/10011166300
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The Certification Role of Listings
Draus, Sarah - Université Paris-Dauphine (Paris IX) - 2009
I propose a model in which firms can convey their quality by listing on a stock exchange. To list, firms must comply with costly listing requirements allowing investors to recognize imperfectly their quality. A profit maximizing exchange may set listing requirements leading to high information...
Persistent link: https://www.econbiz.de/10010861490
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Regulation and normalization on a globalized financial market : the case for credit derivatives
Huault, Isabelle; Rainelli, Hélène - Université Paris-Dauphine (Paris IX) - 2006
Persistent link: https://www.econbiz.de/10010905382
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Funding Liquidity Risk From a Regulatory Perspective
Gouriéroux, Christian; Héam, Jean-Cyprien - Université Paris-Dauphine (Paris IX) - 2014
In the Basel regulation the required capital of a financial institution is based on conditional measures of the risk of …
Persistent link: https://www.econbiz.de/10011265514
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Funding Liquidity Risk From a Regulatory Perspective
Gouriéroux, Christian; Héam, Jean-Cyprien - Université Paris-Dauphine (Paris IX) - 2014
In the Basel regulation the required capital of a financial institution is based on conditional measures of the risk of …
Persistent link: https://www.econbiz.de/10011265517