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An Alternative Model to Basel Regulation
Aboura, Sofiane; Lépinette-Denis, Emmanuel - Université Paris-Dauphine (Paris IX) - 2014
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/10010790026
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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
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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 …
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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L’information boursière comme bien public. Enjeux et perspectives de la révision de la directive européenne « Marchés d’instruments financiers »
Hautcoeur, Pierre-Cyrille; Lagneau-Ymonet, Paul; Riva, … - Université Paris-Dauphine (Paris IX) - 2010
The organization of securities markets has not benefited from the feigned attempts of reform presented by authorities since the outbreak of the current crisis. However, speculative opportunities like the risks incurred also depend on the markets on which one operates. The Markets in Financial...
Persistent link: https://www.econbiz.de/10011073693
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The Role of Corruption, Culture, and Law in Investment Fund Manager Fees
Najar, Dorra; Johan, Sofia - Université Paris-Dauphine (Paris IX) - 2011
This article considers an international sample of venture capital and private equity funds to assess the role of law, corruption, and culture in setting fund manager fees. With better legal conditions, fixed fees are lower, carried interest fees are higher, clawbacks are less likely, and share...
Persistent link: https://www.econbiz.de/10010708367
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The Role of Law Corruption and Culture in Investment Fund Manager Fees
Johan, Sofia; Najar, Dorra - Université Paris-Dauphine (Paris IX) - 2011
This paper considers an international sample of venture capital and private equity funds to assess the role of law, corruption and culture in setting fund manager fees in terms of their fixed management fees, carried interest performance fees, clawbacks of fees and cash versus share...
Persistent link: https://www.econbiz.de/10010708368
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Skin in the Game and Moral Hazard
Chemla, Gilles; Hennessy, Christopher A. - Université Paris-Dauphine (Paris IX) - 2013
What determines equilibrium securitization levels, and should they be regulated? To address these questions we develop a model where originators can exert unobservable effort to increase asset quality, subsequently having private information regarding quality when selling ABS to rational...
Persistent link: https://www.econbiz.de/10011072798
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Skin in the Game and Moral Hazard
Chemla, Gilles; Hennessy, Christopher A. - Université Paris-Dauphine (Paris IX) - 2014
What determines securitization levels, and should they be regulated? To address these questions we develop a model where originators can exert unobservable effort to increase expected asset quality, subsequently having private information regarding quality when selling ABS to rational investors....
Persistent link: https://www.econbiz.de/10011166577
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Norms, Advice Networks and Joint Economic Governance : The Case of Conflicts among Shareholders at the Commercial Court of Paris
Tubaro, Paola; Mounier, Lise; Lazega, Emmanuel - Université Paris-Dauphine (Paris IX) - 2011
Persistent link: https://www.econbiz.de/10010706744