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French Abstract: Le Foncier jouit d'une gouvernance originale qui peut nous inspirer car il a parfaitement rempli sa mission de financement de l'immobilier. Le fort conflit d'agence entre actionnaires privés et dirigeants nommés par l'Etat est résolu par un conseil d'administration très...
Persistent link: https://www.econbiz.de/10013051507
The research program about the history of investment banking gauged in this text the legacy of Jacques Laffitte, one of the initiators of modern investment banking in the years 1800-1840. It assesses the reality of his contributions and argues about their role within the process of modernisation...
Persistent link: https://www.econbiz.de/10005741180
The annexation of Savoy by France fuels the issue of the fate of Banque de Savoie, because Banque de France was reluctant to share its monopoly as bank of issue, which explains the absorption of its rival in 1865. A second issue was the creation of local banking tools, embedded in regional...
Persistent link: https://www.econbiz.de/10008765003
, reflects an excessive faith in the self-organizing virtues of the market. It has unleashed a noxious competition on the market …
Persistent link: https://www.econbiz.de/10008690919
Les mesures de restructuration de la dette publique mises en œuvre par l’Angleterre lors de la révolution financière Britannique consistaient à en améliorer la liquidité. À cet effet, d’une part l’État a cherché à rétablir sa solvabilité en fondant sa dette sur des recettes...
Persistent link: https://www.econbiz.de/10009141624
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Ce papier étudie les problèmes d’endettement extérieur du Cameroun en analysant son évolution globale (structure, service de la dette, conditions des emprunts, etc.). Cette analyse est complétée par l’examen de la dette intérieure compte tenu de son poids dans la dette totale du pays....
Persistent link: https://www.econbiz.de/10010279084
level of debt that is unsustainable. And then, this stock of debt and debt service burdens risk worsening their social and …
Persistent link: https://www.econbiz.de/10010279195
' perceived ambiguity have the opposite effect, and lead to less risk-sharing. Entrepreneurs from capital-scarce countries finance … ambiguity, that is, when investors only perceive risk. New facts uncovered from cross-country firm-level data are consistent …
Persistent link: https://www.econbiz.de/10010496775