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This paper considers a two-period monetary double auction with incomplete markets of securities and derivatives. Players may share heterogenous beliefs. Short positions in derivatives are constrained by collateral requirements. A central Bank stands ready to lend money or engage in...
Persistent link: https://www.econbiz.de/10010635211
backed by collateral, the value of which depends on monetary policy. The decision to default is endogenous and depends on the … of monetary policy highlights the default channel affecting trades and production, and provides a rigorous foundation to …
Persistent link: https://www.econbiz.de/10011025794
Tsomocos D.P. highlights the potential of the framework of strategic partial default of banks with credit chain on the …
Persistent link: https://www.econbiz.de/10011025863
This article analyses the impact of oil price on bond risk premiums issued by emerging economies. No empirical study has yet focussed on the effects of the oil price on government bond risk premiums. We develop a model of credit spread with data from the EMBIG index of seventeen countries, from...
Persistent link: https://www.econbiz.de/10010935037
In this paper, I show that Polleit and Mariano (2011) are right in concluding that Credit Default Swaps (CDS) are per …
Persistent link: https://www.econbiz.de/10010820940
little interest in France and other non-Anglo-Saxon environments? In a qualitative theory-building approach, this paper … assesses the gap in workplace practices adoption among the US, the UK, and France and analyzes in-depth interviews with 44 … human resources (HR) officers, employee representatives, unions, and work-life service providers in France. Five main …
Persistent link: https://www.econbiz.de/10009295296
and mitigating agency costs. Because France is characterized by a weak legal system, highly concentrated ownership …
Persistent link: https://www.econbiz.de/10009323502
Cette communication a pour objectif de rendre compte d'une expérimentation menée à l'Université des Sciences Sociales de Grenoble dans le cadre d'une formation en économie au niveau Master (1 et 2) dans le domaine de l'éducation en vue du développement durable. La carte des formations...
Persistent link: https://www.econbiz.de/10009323658
A minima, l'attractivité peut être assimilée au choix de localisation des entreprises. Cette conception est celle qui est prédominante dans les travaux statistiques. Or, il semble que les défis que doivent relever les acteurs publiques - dégradation de l'emploi, développement durable, ......
Persistent link: https://www.econbiz.de/10009325707
France in 1992. A description of the institutional organisation is provided. Then, the paper analyses how the packaging tax … implemented in France may allow the optimal application of recycling techniques, combined with waste-to-energy facilities …
Persistent link: https://www.econbiz.de/10009372638