In order to understand the transmission mechanism of different shocks we need to know whether the supply of CDs (certificates of deposits) available to any bank is perfectly elastic at the current rate, i.e. whether a bank can issue as many CDs as it wants without paying any premium. In this...

[eng] Financing Small Industrial Enterprise Investment: Self-Financing Dominates . A 1993 survey of industrial firms with under 20 employees finds huge variations in investment frequency and amounts as well as the dominance of self-financing. . The investment behaviour of these small industrial...

[fre] La caractéristique la plus frappante des comportements d’investissement des entreprises est leur forte hétérogénéité. Une des explications le plus souvent avancée tient compte de l’interaction forte entre la décision d’investissement d’une entreprise et les conditions...

The aim of this paper is to study the role of integration or of long term contracts within vertical structures trying to protect themselves against the entry of potential competitors. The initial vertical structure is composed of a producer and a retailer. They are in different situations, for...

[eng] The relation between the cost of a loan and the corresponding amount borrowed : an interpretation in terms of a large credit channel. . The credit cost survey, conducted by The Bank of France, makes an inventory of the rates on new loans granted by a panel of banks. We can observe that the...

[ger] Seit etwa zehn Jahren besteht erneut ein Interesse für Studien über die Wechselwirkungen zwischen Investitions -und Finanzierungsentscheidungen der Unternehmen. Dass die Finanzierungsbedingungen eines Unternehmens dessen tatsächliches Verhalten beeinflussen, ist ein altes Thema. Mit dem...