In this paper, we analyse the interactions between monetary and macro-prudential policies and the circumstances under which such interactions call for their coordinated implementation. We start with a review of the interdependencies between monetary and macro-prudential policies. Then, we use a...

[eng] The importance of total value of transactions processed annually by clearing, securities settlement and payment systems reflects the lynchpin role played by post-trading infrastructures. With this important role comes systemic risk, however, in the sense that a system malfunction or the...

[eng] Post-traded market institutions : is there a risk of financial system destabilization ? . The importance of clearing and settlement systems creates systemic risks because a functioning failure or the inability of a user to discharge its commitments will likely lead to a series of failures....

[fre] Les entreprises industrielles françaises ont considérablement accru leur effort de développement par croissance externe depuis le milieu des années quatre-vingt. Cette tendance, particulièrement nette entre 1986 et 1988, semble se confirmer en 1989 au vu des réalisations...