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920 results matching your search
Date	Type	Description
341 30/11/2011	Article	REF 104 The Relationship between Finance and Industry: A Historical Perspective - Human Capital in Finance Enhancing Human Capital Value in the Banking Industry Free access Jean-Claude GUÉRY Nowadays it is common knowledge to consider that the value of a company’s staff is a key factor of its performance. Even if there is no straightforward indicator of this value,… JEL classification : G24 J24 J30
342 30/11/2011	Article	REF 104 The Relationship between Finance and Industry: A Historical Perspective - Human Capital in Finance Is it Necessary to Limit Liability Always More and to Transfer Risk Always More in Order to Finance the Economy? Free access Richard ARENA This contribution investigates the role played by credit during business cycles as well as financial and economic crises. More specifically, we will focus on credit demand… JEL classification : E32 G20 G21 K22
343 30/11/2011	Article	REF 104 The Relationship between Finance and Industry: A Historical Perspective - Human Capital in Finance Institutional Investment and MIFID Revision Free access Nathalie ORIOL MIFID has led to the proliferation of orders execution systems in Europe. Three years after launching, results are subject to discussion and pave the way towards a substantial… JEL classification : G11 G14 G24 L51
344 23/09/2011	Article	REF 103 The crisis exit policies Sovereign Funds and the Big French Companies Free access Thibaut SARTRE The appearance of sovereign funds in the French economy – though still small – must be considered as a positive fact. The main concern should be the risk of a lack of their… JEL classification : F30 G21 G28
345 23/09/2011	Article	REF 103 The crisis exit policies Macro-prudential Regulation Strategies and Tools Free access Laurence SCIALOM The 2007-08 global financial crisis highlights that the preservation of financial stability requires going beyond the micro-prudential regulation by promoting a macro-prudential… JEL classification : G28 G18
346 31/05/2011	Article	REF 102 Chinese Finance The Stakes of Modernization The Stature of Chinese Banks on International Markets Free access Nhai PHAN The rise of Chinese banks in the ranking of world banks raises expectations and questions, but what does actually reflect the presence of these big banks among the international… JEL classification : G21 P33 P34
347 31/05/2011	Article	REF 102 Chinese Finance The Stakes of Modernization The Chinese Bond Market Free access Jean-Paul TCHANG The surge of the Chinese bond market is recent. The Chinese State only started to issue debts in 1979. Limited volume of bonds were issued till 1987 and sold by administrative… JEL classification : G10 G24 O53 P33 P34
348 31/05/2011	Article	REF 102 Chinese Finance The Stakes of Modernization The Chinese Banking System: Between State Control and Adaptation to International Standards Free access Gaëlle BRILLANT Today’s China and its economic governance are facing a lot of questions. Understanding Chinese’s banking system, its structure and its regulatory framework give us the chance to… JEL classification : G21 O53 P34
349 31/05/2011	Article	REF 102 Chinese Finance The Stakes of Modernization Private Equity in China Free access Isabelle BOUILLOT In China, private equity began to rise in 2004-2005. Despite the crisis, the industry reached new highs in 2010. Nevertheless, the two last years have seen important fundraisings… JEL classification : G1 G23 G32 P34
350 31/05/2011	Article	REF 102 Chinese Finance The Stakes of Modernization China’s Banking System Risks after the 2008-10 Stimulus Package and the Housing Boom Free access Alicia GARCÍA-HERRERO Daniel SANTABÁRBARA China’s banking system has performed extremely well during the last few years both compared with its peers in the West but also with its own situation only a few years ago. The… JEL classification : G21 P25 P34
351 18/03/2011	Article	REF 101 Systemic risk (2) Supervision Dealing with Cross-border Bank Resolution Free access Nadège JASSAUD Ceyla PAZARBASIOGLU The enhanced coordination proposal put forward by the IMF is a pragmatic approach to address the cross-border resolution challenges in a manner that is achievable in the near… JEL classification : F33 G01 G28
352 18/03/2011	Article	REF 101 Systemic risk (2) Supervision OTC Derivates Markets and the Question of Central Counterparties’ Access to Central Banks Free access Daniela RUSSO Gertrude TUMPEL-GUGERELL The financial market turmoil has demonstrated the importance of OTC derivatives markets for financial stability. In particular, the crisis has exposed weaknesses in OTC markets… JEL classification : G18 G23 G28
353 18/03/2011	Article	REF 101 Systemic risk (2) Supervision Performation and Supervision of the Financial System Free access Christian WALTER Supervision of the financial system must take into consideration the effects of management tools and in particular the ones representing risk. Real machinery of the professional… JEL classification : B4 C4 G11 G20
354 18/03/2011	Article	REF 101 Systemic risk (2) Supervision Implementing a Macroprudential Framework: Blending Boldness and Realism Free access Claudio BORIO There is now a broad consensus in the policy community that strengthening the macroprudential orientation of regulatory and supervisory frameworks is essential for the promotion… JEL classification : E6 F33 G28
355 18/03/2011	Article	REF 101 Systemic risk (2) Supervision Too Big to Fail?! Lessons from the Financial Crisis Free access Sebastian C. MOENNINGHOFF Axel WIEANDT This article examines the emergence and evolution of the “Too-Big-To-Fail” (TBTF) doctrine based on various case studies, identifying moral hazard as the cause for externalities.… JEL classification : G21 G25 E51
356 18/03/2011	Article	REF 101 Systemic risk (2) Supervision The Theoretical Effects of the Introduction of a Central Counterparty for the Organization of OTC Markets Free access Valère FOUREL Julien IDIER This article identifies and analyzes the various benefits and drawbacks that the adoption of a central counterparty [CCP] for OTC markets can induce, notably in terms of… JEL classification : G15 G18 G23
357 18/03/2011	Article	REF 101 Systemic risk (2) Supervision How to Address Solvency and Liquidity Risks? A Supervisory View Free access Danièle NOUY The financial crisis has revealed the necessary reform of the Basel II framework without challenging any of its core principles. More than ever, banks need to improve how they… JEL classification : G21 G28
358 18/03/2011	Article	REF 101 Systemic risk (2) Supervision The European Systemic Risk Board (ESRB): the European Way towards Systemic Risk Free access Mauro GRANDE The need to complement the microprudential supervision with a more structured macroprudential oversight aiming at controlling systemic risk is a lesson drawn from the crisis. At… JEL classification : E6 G21 G28
359 18/03/2011	Article	REF 101 Systemic risk (2) Supervision Market Behaviors and the Perception of Lehman Brothers’ Collapse in the US Free access Nicolas DUMONTAUX Adrian POP The spectacular failure of the 150-year old investment bank Lehman Brothers has been perceived by many as a major turning point in the global financial crisis that broke out in… JEL classification : G21 G28
360 18/03/2011	Article	REF 101 Systemic risk (2) Supervision What Reforms for the Credit Rating Industry? Free access Norbert GAILLARD Credit rating agencies (CRAs) are under scrutiny for failing to both anticipate financial crises since the late 1990s and manage their conflicts of interests when assigning… JEL classification : G15 G18 G24