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495 results matching your search
Date	Type	Description
181 14/06/2013	Article	REF 110 Mergers and acquisitions - 50 years of African monetary unions - Property crises and financial crises Financial System and Real Estate Crises: The Case of France at the End of the 19th Century Free access Michel LESCURE The paper studies the role of the financial system in the greatest real estate crisis experienced by the French economy until the recent crises of the 1990s and 2007-2013. It… JEL classification : G01 G21 N13 R30
182 14/06/2013	Article	REF 110 Mergers and acquisitions - 50 years of African monetary unions - Property crises and financial crises Banks, Savings and Loans, Real Estate and Public Policies - A Historian Reading of the Spanish Financial Crisis: Is Spain Always Diferente? Free access Gérard CHASTAGNARET The present crisis of the Spanish financial system is mainly to be found in a real estate crisis, appeared in 2007 with the outburst of a speculative bubble grounded in hazardous… JEL classification : G01 G21 G30 N14 R30
183 20/03/2013	Article	REF 109 The Unregulated Finance The Hidden Collateral Constraint Free access Vivien LEVY-GARBOUA Gérard MAAREK The collateral constraint of a bank is usually viewed as a “physical” limit to what it can pledge in order to fund its activity, either through the Central bank or private agents.… JEL classification : G10 G18 G21 G28
184 20/03/2013	Article	REF 109 The Unregulated Finance Non Regulated Finance and the Large Commodities Trading Houses Free access Yves SIMON For numbers of politicians, commentators and regulators, it is politically correct to be ready to reinforce the bank and finance regulations and to discover non-regulated… JEL classification : F23 F65 G18 Q13
185 20/03/2013	Article	REF 109 The Unregulated Finance Shadow Banking in Europe Free access Laurent CLERC The financing of the economy has undergone dramatic changes over the last two decades. In fact, a growing source of credit to the private sector has been generated outside the… JEL classification : G01 G21 G23 G24 G28
186 20/03/2013	Article	REF 109 The Unregulated Finance Central Counterparty Clearing and Systemic Risk Insurance in OTC Derivatives Markets Free access Thorsten V. KOEPPL Cyril MONNET How can Central Counterparty (CCP) clearing help to make the over-the-counter (OTC) derivatives market safer? To answer this question, we lay out two views of risk management. The… JEL classification : G18 G23
187 21/12/2012	Article	REF 108 Long-term investment What Global Resources to Finance Long-Term Investment? Free access Dominique NAMUR While the current account imbalances are increasing between major economic areas, most industrialized countries are experiencing a rapid aging. Faced with a growing world… JEL classification : E21 F21 F36 G11 J11
188 21/12/2012	Article	REF 108 Long-term investment Long-Term Investment: Implications for Growth and Monetary and Financial Stability Free access Pierre JAILLET While risk aversion remains at very high levels in the throes of the crisis, the need for long-term investment has perhaps never been so urgent. Advanced economies, in particular,… JEL classification : E44 G11
189 21/12/2012	Article	REF 108 Long-term investment Strategic Assets Allocation and Long-Term Investment Management by Institutional Investors Free access Éric BOUYÉ The strategic asset allocation is a key pillar for the long-term investors who face the necessity to reconcile the long-term risk-return objectives and the need for short-term… JEL classification : G11 G23
190 21/12/2012	Article	REF 108 Long-term investment Infrastructure Finance Free access Alain QUINET The current economic crises reduce governments’ room for manoeuvre on infrastructure finance. At the same time banks withdraw from on-balance-sheet long term lending and the… JEL classification : G18 O18 O29
191 21/12/2012	Article	REF 108 Long-term investment Financing Long Term Investment: The Case for Public Sector Involvement Free access Jean BOISSINOT Claire WAYSAND Traditionally, public sector involvement in infrastructure projects has been large. More recently, pre crisis abundant liquidity lead to blur the specificities of long term… JEL classification : E22 E61 G18 H43
192 21/12/2012	Article	REF 108 Long-term investment Why Are Long Term Investment Incentive Policies Needed? Free access Didier JANCI The growth potential of Europe lacks long term investment fitted to the transition towards a more sustainable model of development and to an exit to the crisis. In the context of… JEL classification : E61 G11 G28 M41
193 28/09/2012	Article	REF 107 The Indian financial system Between openness and modernity Asset Returns in the Indian Stock Market and its Linkages with Macroeconomic Fundamentals Free access A. KANAKARAJ B. Karan SINGH In this paper, we analyze the relation between stock prices and the macro economy in the Indian context. We try and answer whether the recent stock market boom can be explained in… JEL classification : E44 E47 G12 O53
194 28/09/2012	Article	REF 107 The Indian financial system Between openness and modernity How the US Dollar Becomes an International Currency? Free access Michel LELART The US dollar is not like any other national or regional currency; it is also an international one. More precisely, it becomes an international currency each time it is… JEL classification : E51 F31 F33 G15
195 28/09/2012	Article	REF 107 The Indian financial system Between openness and modernity The Creation of an Islamic Index on the Paris Stock Market: Methodology and Performance Free access Jonathan PEILLEX Loredana URECHE-RANGAU Taking into account the huge potential and the increasing role played by the Islamic finance, this paper analyses the methodological process linked to the introduction of a… JEL classification : G10 G11 P43
196 22/06/2012	Article	REF 106 Financial system and value creation Financial Systems and Growth Free access Pierre JACQUET Jean Paul POLLIN Three major difficulties arise when thinking about the links between finance and growth. The first one is defining and measuring “financial development”. The second is extricating… JEL classification : G10 G20 G32 O16
197 22/06/2012	Article	REF 106 Financial system and value creation Are Risky Assets Investment Policies of the SWF Altered by the Crisis? Free access Lamia JAIDANE-MAZIGH Being a distinct public tool for managing foreign currency reserves of many countries Sovereign Wealth Funds (SWFs) used to choose safe investments such as public securities or… JEL classification : F59 G11 G15 G29
198 22/06/2012	Article	REF 106 Financial system and value creation Credit Allocation and Value Creation of Banks: The Impact of Relationship Banking in Normal and Crisis times Free access Hans DEGRYSE Steven ONGENA In this paper we review the literature on credit allocation and value creation of banks. We focus on relationship banking that occurs when a bank and a borrower engage into… JEL classification : G01 G21
199 22/06/2012	Article	REF 106 Financial system and value creation Commercial Bank and Investment Bank: Where Does Value Come From? Free access Jean-Baptiste BELLON Georges PAUGET Measuring bank’s added-value is challenging. In its first part, this paper presents a definition and a method to compute added-value in the banking sector. This method highlights… JEL classification : G01 G21 G24
200 22/06/2012	Article	REF 106 Financial system and value creation Financial Markets’ Production of Liquidity, Assets Valuation and Cost of Financing Free access Fabrice RIVA Do more liquid firms create more value? At first glance, liquidity should at best have a second-order effect on firm valuation. However, several economic theories supported by… JEL classification : G11 G12 G14