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920 results matching your search
Date	Type	Description
181 31/03/2016	Article	REF 121 The Challenge of a Zero Interest Rate Economy Macroprudential Policy: Unfinished Business for Central Banks Free access Jaime CARUANA Ilhyock SHIM Since the Great Financial Crisis of 2007-2009, both advanced and emerging market economies have made progress in setting up macroprudential policy frameworks and implementing… JEL classification : E43 E58 G01 G28
182 31/03/2016	Article	REF 121 The Challenge of a Zero Interest Rate Economy SME’s Equity Financing: Stock Market or Private Equity? Free access Xavier MAHIEUX Over the last 30 years SME’s French financial markets have a long history of failure for financing SMEs and mid-market companies whereas private equity financing has been… JEL classification : G23 G24 G32 L25
183 31/03/2016	Article	REF 121 The Challenge of a Zero Interest Rate Economy Quantitative Easing: The Challenge for Households’ Long-Term Savings and Financial Security Free access Christian THIMANN QE implies heavy consequences for the financial security of households, which strongly demand capital guarantees on their long-term savings so to have financial predictability and… JEL classification : E21 E43 G22 I13 R21
184 31/03/2016	Article	REF 121 The Challenge of a Zero Interest Rate Economy French Interest Rates: A Historical Perspective Free access Vivien LEVY-GARBOUA Éric MONNET This article builds and studies long-term series of French interest rates since the early 19th century: the central bank leading interest rate; the rate of the 3-month paper on… JEL classification : E43 E58 G21 N23 N24
185 31/03/2016	Article	REF 121 The Challenge of a Zero Interest Rate Economy How to Invest Savings in a Very Low Rate Environment? Free access Jean-François BOULIER The very low rate environment in the euro zone is a challenge for longer term savings. This deliberate monetary policy is here to stay according to the ECB at least until the… JEL classification : E21 E43 G23
186 31/03/2016	Article	REF 121 The Challenge of a Zero Interest Rate Economy Unconventional Monetary Policy Measures and their Impact on the Markets Free access Marco LEPPIN Joachim NAGEL The Eurosystem has responded to the current crises with several conventional and unconventional measures. In the past few years, rates have been lowered – even into negative… JEL classification : E43 E58 G01 G28
187 31/03/2016	Article	REF 121 The Challenge of a Zero Interest Rate Economy Euro Area Shadow Banking Activities in a Low-Interest-Rate Environment: A Flow-of-Funds Perspective Free access Günter W. BECK Hans-Helmut KOTZ Very low policy rates as well as the substantial redesign of rules and supervisory institutions have changed background conditions for the Euro Area’s financial intermediary… JEL classification : E43 G11 G21 G23
188 31/12/2015	Article	REF 120 Innovation, Technolgy and Finance Threats and opportunities Banks and New Technologies: The New Deal Free access Olivier KLEIN For everyone, new technologies create a new link to the world and bring about a series of consecutive revolutions, both in our daily lives and in business. The first is a… JEL classification : G21 L22 O33
189 31/12/2015	Article	REF 120 Innovation, Technolgy and Finance Threats and opportunities Innovation, Competition and Regulation in the Market for Online Banking Services Free access Marianne VERDIER The development of online banking services impacts competition in retail banking markets. Several non-banks (mobile network operators, merchants, start-ups, platforms) have… JEL classification : E42 G21 L96 O33
190 31/12/2015	Article	REF 120 Innovation, Technolgy and Finance Threats and opportunities Dark Pools and High-Frequency Trading: A Useful Evolution? Free access Fany DECLERCK Laurence LESCOURRET Technological innovation and regulatory changes have favored the development of two growing phenomena associated with increased opacity in financial markets : dark pools and… JEL classification : D40 D53 D62 G14 G20 L10
191 31/12/2015	Article	REF 120 Innovation, Technolgy and Finance Threats and opportunities Which Legislation for the Newcomers on the Payments Market? Free access Olivier GUERSENT The payments industry is changing. This activity that was still reserved to banks a few years ago opened in recent years to new players, the so called payment service providers.… JEL classification : E42 G28 L86
192 31/12/2015	Article	REF 120 Innovation, Technolgy and Finance Threats and opportunities Société Générale: A Digital Transition Story Free access Françoise MERCADAL-DELASALLES All the businesses and establishments of Group Société Générale have understood the "revolution" in behaviors and practices in the era of new technologies. A profound change,… JEL classification : G21 O31 O32
193 31/12/2015	Article	REF 120 Innovation, Technolgy and Finance Threats and opportunities What are the Opportunities of Big Data for Pricing Approaches? Free access Jean-Marc BOYER Data Scientist was declared the "sexiest" job of the 21st century by the Harvard Business Review. By what means can the treatment of massive data disrupt financial services and… JEL classification : G20 L11 L86 L96
194 31/12/2015	Article	REF 120 Innovation, Technolgy and Finance Threats and opportunities Bond Markets Liquidty and Technological Innovation Free access Marie-Laure BARUT-ETHERINGTON Denis BEAU Fixed income markets are in a state of transition and this is accompanied by the perception of a decrease in liquidity and a risk for the financial system stability. The reality… JEL classification : G12 G23 G24
195 31/12/2015	Article	REF 120 Innovation, Technolgy and Finance Threats and opportunities Financial Institutions and Cybercrime Free access Édouard FERNANDEZ-BOLLO Although cyber-attacks have so far had a limited impact on the French financial sector, they represent a serious threat to IT security, business continuity and data protection for… JEL classification : G21 G28
196 31/12/2015	Article	REF 120 Innovation, Technolgy and Finance Threats and opportunities Technology and Tranformation of Banking Industry: The Case of Capgemini’s TechnoVision Free access André CICHOWLAS The banking industry is at a major crossroads, due to the exponentially increasing threat of disruption and disintermediation from non-traditional competition – notably FinTech… JEL classification : G21 L10 L86
197 31/12/2015	Article	REF 120 Innovation, Technolgy and Finance Threats and opportunities Payments Industry, What Innovation? Free access Jean-Yves FOREL After a long period of stability, the payments industry must now deeply change along with the customer expectations in a context of innovation effervescence and increased… JEL classification : E42 G20 O33
198 31/12/2015	Article	REF 120 Innovation, Technolgy and Finance Threats and opportunities Technology Is the Major Enabler to Manage Risks in Financial Markets Free access Gérard HARTSINK Trading, clearing and settlement of financial instruments are not possible any more without technology. However technology alone is not sufficient to create a robust financial… JEL classification : G10 G23 G24 G28
199 31/12/2015	Article	REF 120 Innovation, Technolgy and Finance Threats and opportunities Digital Impact on Economic Models Free access Bertrand LAVAYSSIÈRE Four examples illustrate how digital impacts the operating model of financial institutions for their revenue generation streams but also the heart of the value creation itself.… JEL classification : G20 L25 O33
200 31/12/2015	Article	REF 120 Innovation, Technolgy and Finance Threats and opportunities Can Bitcoin Replace Currencies? Free access François R. VELDE Can digital money replace existing currencies ? A detailed examination of the Bitcoin protocol shows that this conceptual and technical achievement is still far from becoming a… JEL classification : E42 G20 L86 O33