This paper proposes a framework to analyze the functioning of the inter-bank liquidity market and the occurrence of liquidity crises. The model relies on three key assumptions: (i) liquidity provisioning is not verifiable -it cannot be contracted upon-, (ii) banks face moral hazard when...

Nous nous intéressons dans cet article à l’évaluation de la qualité d’un processus métier, plus particulièrement à la facette de robustesse qui est une importante dimension de la qualité dans ce contexte. Notre objectif est de proposer des métriques d’évaluation permettant de...

In a crisis of public finances, France bases all its hopes on the "evaluation of performance" to moderate the effects of a complex crisis. Under the banner of "modernization of the State", a new "financial constitution" called the Organic Law on finance laws (LOLF) became the main lever of...