This paper investigates the relationship between disclosure and bank CDS spread during the sovereign debt crisis over the period 2011-2013. We cumulated the evolution of the spread of CDS on 4 different timeframes. We modeled two transparency index: one global and one specifically dedicated to...

The wish to minimize his efforts to answer a questionnaire is known with the term of satisficing. It constitutes an important problem for both researchers and practitioners. The aim of this article is to improve the detection and the effects of this phenomenon. The results of a quantitative...

This paper constructs a general equilibrium model of banking and financial markets. The model allows to compare financial systems in which banks have access to financial markets with financial systems in which banks do not have access to financial markets. Allen and Gale [A welfare comparison of...

This paper merges two specifications recently developed in the forecasting literature: the MS-MIDAS model (Guérin and Marcellino, 2013) and the factor-MIDAS model (Marcellino and Schumacher, 2010). The MS-factor MIDAS model that we introduce incorporates the information provided by a large data...

Organizations studies are used to borrowing concepts, images and theories from some more or less close theoretical fields, frequently from other social and human sciences. This multitude of inspirations are necessary and offer large potentialities but some scholars regret that organization...

Les fonctions de la finance sont souvent méconnues. L’idéologie libérale en est largement responsable : elle a fait croire qu’en laissant la finance à elle-même nos économies seraient dotées de mécanismes capables d’allouer au mieux l’épargne qui s’y dégage. La dernière...

We analyse the dynamics of the pass - through of banks’ marginal cost to bank lending rates over the 2008 crisis and the euro area sovereign debt crisis in France, Germany, Greece, Italy, Portugal and Spain . We measure banks’ marginal cost by their rate on new deposits, contrary to the...

The housing market is a central macroprudential policy concern in France due to the significant proportion of residential property loans in bank balance sheets and the high weight of housing in household wealth. The surge in house prices at the start of the 2000s means we cannot rule out the...

Differences between men and women in non-cognitive skills could be the reason why the gender gap closing didn’t improve since the middle of the nineties. To investigate this issue in the case of France we used the "Génération 1998 à 10 ans" database conducted by the Céreq. This survey...