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Effets de voisinage et localisation : la ségrégation urbaine est-elle inéluctable ?.

Moizeau, Fabien; Tropeano, Jean-Philippe; Vergnaud, … - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2008

In this paper, we provide a theoretical framework for exploring the consequences of neighborhood informational effects - identified as role models - so as to deduce the urban configuration. With this aim, we have developed an overlapping generations model of community formation. When young, an...

Persistent link: https://www.econbiz.de/10005670859

L'intermédiation financière dans l'analyse macroéconomique : le défi de la crise.

Iliopulos, Eleni; Sopraseuth, Thepthida - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2011

In this paper, we review the macroeconomic literature on financial frictions and banking in a dynamic general equilibrium framework. Our work focuses first on the pioneer articles that have analyzed the amplification effects associated to the financial accelerator. We then shift our attention...

Persistent link: https://www.econbiz.de/10009209863

The Impact of the Basel III Liquidity Regulations on the Bank Lending Channel: A Luxembourg case study

Giordana, Gaston; Schumacher, Ingmar - Central Bank of Luxembourg - 2011

In this paper we study the impact of the Basel III liquidity regulations, namely the Liquidity Coverage Ratio (LCR) and … lending following a contractionary monetary policy shock, in line with the fact that big banks in Luxembourg are liquidity … Luxembourg once banks adhere to the Basel III liquidity regulations. We find that adhering to the NSFR may reduce the bank …

Persistent link: https://www.econbiz.de/10009283380

Banque centrale, taux de l'escompte et politique monétaire chez Henry Thornton (1760-1815).

Mésonnier, J-S. - Banque de France - 2002

Henry Thornton (1760-1815), whose major work - An Enquiry into the Nature and Effects of the Paper Credit of Great Britain - is celebrating its bicentennary in 2002, is considered today to be one of the most prominent classical monetary economist, in particular with regard to its seminal...

Persistent link: https://www.econbiz.de/10005056526

Conditions monétaires et activité économique dans la zone euro Monetary conditions and economic activity in the euro area

Goux, Jean-François - Groupe d'Analyse et de Théorie Économique Lyon … - 2003

Monetary conditions and economic activity in the euro area. With a VAR model, we show that the economies of the euro area are strongly dependent on the monetary conditions (short term interest rate, exchange rate). In the long-run, the industrial activity of the area enters in a co-integrating...

Persistent link: https://www.econbiz.de/10005029824

Le Currency Board : les contraintes de financement et d'ajustement de la convertibilité intégrale

PONSOT, Jean-François - Laboratoire d'Économie de Dijon (LEDI), Université de … - 2000

and the real economy. A high degree of liquidity of the banking system is required in the absence of a lender …

Persistent link: https://www.econbiz.de/10005579067

Does the credit channel work in Europe? A study based on the heterogeneity of investment behaviours from aggregated balance-sheet data

BEAUDU, A.; HECKEL, Th. - Département des Études Économiques d'Ensemble (D3E), … - 2001

This article studies the impact of monetary policy on real economy in Europe through a particular transmission mechanism: the credit channel. The credit channel is based on the existence of information asymmetries in financial markets that change the agents financing conditions. According to the...

Persistent link: https://www.econbiz.de/10009001095