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Changing the focus of the exchange rate regimes debate in emerging economies : causes and scope of de-dollarization in Latin America
Quenan, Carlos; Torija-Zane, Edgardo - Université Paris-Dauphine (Paris IX) - 2007
" of adopting a monetary regime of complete and official dollarization in many emerging countries. Conversely, towards the … mid-2000s de-dollarization is one of the main themes of debates about monetary and financial issues in this region. Within …. Subsequently, we are going to try to see what are the effects of Önancial dollarization by drawing on a few equations that include …
Persistent link: https://www.econbiz.de/10011071838
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No contagion, only globalization and flight to quality
Szafarz, Ariane; Chapelle, Ariane; Brière, Marie - Université Paris-Dauphine (Paris IX) - 2012
In this article, tests for globalization and contagion are separated using an ex ante definition of crises, and contagion tests are neutralized with respect to globalization effects. A large database is constructed to study the stability of correlation matrices for four asset classes : equities,...
Persistent link: https://www.econbiz.de/10010707605
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The Bank Lending Channel Asymmetry and the Efficiency of the Polish Interest Rate Monetary Policy during Transition
Kierzenkowski, Rafal - Université Paris-Dauphine (Paris IX) - 2002
Persistent link: https://www.econbiz.de/10010861438
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Macroeconomics, finance, commodities: Interactions with carbon markets in a data-rich model
Chevallier, Julien - Université Paris-Dauphine (Paris IX) - 2011
This article assesses the transmission of international shocks to EUA spot, EUA futures, and CER futures carbon prices using a broad dataset that includes 115 macroeconomic, financial and commodities indicators with daily frequency from April 4, 2008 to January 25, 2010 totalling 463...
Persistent link: https://www.econbiz.de/10011073673
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Microfondements du canal étroit du crédit bancaire : le motif de précaution
Ramos-Tallada, Julio - Université Paris-Dauphine (Paris IX) - 2009
Les enjeux macroéconomiques de la transmission des chocs monétaires via le canal étroit du crédit son nombreux. Ce sujet est amplement abordé dans la littérature d’un point de vue agrégé et empirique. Cependant, les prédictions testées reposent sur des spécifications théoriques...
Persistent link: https://www.econbiz.de/10011072914
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Microfondements du canal étroit du crédit bancaire : le motif de précaution. Modèle de comportement d’une banque confrontée à un risque de liquidité et à une offre de financement e...
Ramos-Tallada, Julio - Université Paris-Dauphine (Paris IX) - 2009
Les enjeux macroéconomiques de la transmission des chocs monétaires via le canal étroit du crédit son nombreux. Ce sujet est amplement abordé dans la littérature d’un point de vue agrégé et empirique. Cependant, les prédictions testées reposent sur des spécifications théoriques...
Persistent link: https://www.econbiz.de/10011073450
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Financial Intermediation in the Theory of the Risk-Free Rate
Marini, François - Université Paris-Dauphine (Paris IX) - 2011
This paper constructs a general equilibrium model of the interaction between financial intermediaries and financial markets that sheds some light on the short-term volatility of real interest rates. The main findings of the paper are as follows. When financial intermediaries issue contingent...
Persistent link: https://www.econbiz.de/10010707316
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Financial intermediation and the rights offer paradox
Koenig-Matsoukis, Laure - Université Paris-Dauphine (Paris IX) - 2010
In this study, we investigate the trading dynamics around rights issues. We employ signed and unsigned trading activity measures in order to provide evidence of costly financial intermediation. We, first, document short selling activity by underwriters and shareholders during rights issues...
Persistent link: https://www.econbiz.de/10010708694
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Liquidity, Innovation and Growth
Shouyong, Shi; Berentsen, Aleksander; Rojas Breu, Mariana - Université Paris-Dauphine (Paris IX) - 2012
Many countries simultaneously suffer from high rates of inflation, low growth rates of per capita income and poorly developed financial sectors. In this paper, we integrate a microfounded model of money and finance into a model of endogenous growth to examine the effects of inflation and...
Persistent link: https://www.econbiz.de/10011072562
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La gestion collective en France : l’utopie d’une finance pour tous
Tadjeddine, Yamina; Cotta, Jean-Christophe - Université Paris-Dauphine (Paris IX) - 2011
Mutual funds industry has been sought by French politicians as mediation between the popular savings and company’s investments through the financial markets. Questioning the link between finance and industry requires analyzing the effectiveness of this mediation. This article intends firstly...
Persistent link: https://www.econbiz.de/10011199615