This thesis first presents India’s economy and financial system’s recent history and current issues. Then, with an emphasis on the recent turmoil period, it studies the question of financial integration in various markets: equity markets are dealt with in the 1st chapter, CDS spreads are...

By introducing a structure of the balance sheets of the banks, which takes into account their bilateral exposures in terms of stocks or lendings, we get a structural model for default analysis. This model allows us to distinguish the exogenous and endogenous default dependence. We prove the...

The aim of our paper is to price credit derivatives written on a single name when this name is a bank. Indeed, due to the special structure of the balance sheet of a bank and to the interconnections with other institutions of the financial system, the standard pricing formulas do not apply and...

This thesis contributes to the analysis and measure of systemic risk through four chapters. In the first chapter, we discuss the notion of systemic risk and detail the methodological issues of modeling. The second chapter proposes a structural model of solvency contagion. Within an equilibrium...

The post-crisis financial reforms address the need for systemic regulation, focused not only on individual banks but also on the whole financial system. The regulator principal objective is to set banks' capital requirements equal to international minimum standards in order to mimimise systemic...

The post-crisis financial reforms address the need for systemic regulation, focused not only on individual banks but also on the whole financial system. The regulator principal objective is to set banks' capital requirements equal to international minimum standards in order to mimimise systemic...

The aim of this thesis is to improve the management of financial risks through the employment of econometric methods. We focus on liquidity (market and funding), contagion and systemic risk, which have attracted a particularly large interest in the last years of financial turmoil. Firstly, we...

The purpose of this article is to analyse the efficiency of the repayment incentive mechanisms used for individual microcredit, the guarantor mechanism in particular. Little academic research has been devoted to this instrument whereas it is very frequently used. Churchill (1999) notably...

Is the impact of financial development on international trade heterogeneous – being positive, negative or null – across manufacturing sectors? And is it dependent on the level of sectoral requirement on external finance for capital need? To examine these questions this article uses a panel...

The purpose of this article is to analyse the efficiency of the repayment incentive mechanisms used for individual microcredit, the guarantor mechanism in particular. Little academic research has been devoted to this instrument whereas it is very frequently used. Churchill (1999) notably...