Les taux de défaut sont des séries couramment utilisées dans les simulations de crise. Au Canada comme dans beaucoup d'autres pays, on ne dispose pas de séries rétrospectives relatives aux taux de défaut sectoriels sur les prêts bancaires aux entreprises. La connaissance de ces taux est...

The main consequence of globalization is to accelerate the process of concentrating the wealth all around the world. Nevertheless, it did not contribute to solve the contradictions of capitalism which is not able to boost a long-time accumulation. Therefore, there are tremendous pressures to...

The author develops a theoretical model of bank closure. The regulatory decision about bank failure consists of two parts: whether to close and how to close. Assuming that the closure decision is credible, the welfare implications of two resolution regimes are considered. In one case, a...