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Date	Type	Description
201 22/06/2012	Article	REF 106 Financial system and value creation Accounting Standards and Value Creation Free access Philippe DANJOU This paper describes briefly the different methods which are currently utilized in practice to assess the creation of value by reporting entities, and the recommendations which… JEL classification : G12 M41 M48
202 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
203 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
204 09/03/2012	Article	REF 105 The new Américan finance The New Regulation of Swaps: A Lost Opportunity Free access Esther JEFFERS Jean Paul POLLIN On a world scale, financial deregulation played a major role. In the US in particular, it is probably the banking sector that has undergone the deepest transformations. Between… JEL classification : G01 G28 N12 N4
205 09/03/2012	Article	REF 105 The new Américan finance The American Private Equity Industry After the Crisis: Towards Reshaping and Maturity Free access Xavier MAHIEUX The American private equity industry has been badly hurt by the financial crisis. After a short period of exuberant boom, it collapsed abruptly. In the aftermath, it has to face… JEL classification : G01 G24 G28
206 09/03/2012	Article	REF 105 The new Américan finance The New Regulation of Swaps: A Lost Opportunity Free access Annette L. NAZARETH Gabriel D. ROSENBERG The US regulatory system has multiple regulators on the federal and state level, many with overlapping jurisdiction. The result has been both overregulation and underregulation… JEL classification : G01 G13 G18
207 09/03/2012	Article	REF 105 The new Américan finance Financial Architecture, Systemic Risk and Universal Banking in the United States Free access Anthony SAUNDERS Ingo WALTER Relying on various underlying drivers, consolidation has been a fact of life in the wholesale financial services sector, resulting in fundamental changes in the financial… JEL classification : G01 G21 G24 G28
208 09/03/2012	Article	REF 105 The new Américan finance Derivatives Markets in American Bankruptcy Free access Mark J. ROE By treating derivatives and financial repurchase agreements much more favorably than it treats other financial vehicles, American bankruptcy law subsidizes these arrangements… JEL classification : G01 G13 G18 G33
209 09/03/2012	Article	REF 105 The new Américan finance The Consumer Financial Protection Bureau Free access Amy FRIEND Joshua KAPLAN The financial crisis that took hold in 2008 had many causes, but consumer financial products originated in the United States were at its heart. This article discusses the U.S.… JEL classification : G01 G21 G28
210 09/03/2012	Article	REF 105 The new Américan finance US Banks after the Financial Crisis: Forced to Adapt Free access Céline CHOULET Laurent QUIGNON US banks entered the 21st century with high rates of return but they were slashed in half, on an average annual basis, by the outbreak of the subprimes crisis in the summer of… JEL classification : G01 G21 G28
211 09/03/2012	Article	REF 105 The new Américan finance Dodd-Frank, Financial Institution Rescues and Financial Crisis: The Problem of Too Interconnected to Fail Free access James P. HAWLEY The article argues that a major omission in the Dodd-Frank financial reform act focuses on the problem of to interconnected to fail banks and non-bank (shadow) banks. While… JEL classification : G01 G18 G21 G28
212 09/03/2012	Article	REF 105 The new Américan finance Credit Rating Agencies and Conflicts of Interest Free access Aline DARBELLAY Frank PARTNOY While the creation of the credit rating industry traces back to the beginning of the twentieth century, conflicts of interest have emerged particularly since the 1970s, and they… JEL classification : G01 G24 G28
213 09/03/2012	Article	REF 105 The new Américan finance A Hundred and Fifty Years of Securities Transactions by US Commercial Banks Free access Michel BOUTILLIER Nathalie LÉVY Valérie OHEIX At the origin of this research, is the conviction that securities transactions performed by banks must not be perceived as a more or less recent innovation but as a permanent… JEL classification : G10 G21 N21 N22
214 09/03/2012	Article	REF 105 The new Américan finance Shadow Banking Free access Tobias ADRIAN Adam ASHCRAFT Hayley BOESKY Zoltan POZSAR The rapid growth of the market-based financial system since the mid-1980s changed the nature of financial intermediation. Within the market-based financial system, “shadow banks”… JEL classification : G01 G21 G23 G24
215 09/03/2012	Article	REF 105 The new Américan finance The Evolving Role of the Federal Reserve Free access Paul WACHTEL The financial crisis has made central banks use functions that had been largely ignored for decades. At the beginning of the 20th century, central banking was about price… JEL classification : E58 G01 G28
216 09/03/2012	Article	REF 105 The new Américan finance Three Years Later: Unfinished Business in Financial Reform Free access Paul A. VOLCKER In this article, Paul Volcker, one of the principle architects behind the regulatory response and financial reform legislation in the United States, outlines the remaining reforms… JEL classification : E58 G01 G21 G28
217 30/11/2011	Article	REF 104 The Relationship between Finance and Industry: A Historical Perspective - Human Capital in Finance Are Financial Markets a Danger or an Opportunity to Industry? Lessons from a Forgotten Episode of History of the Paris Bourse Free access Pierre-Cyrille HAUTCŒUR This article analyses the history of the relationship between manufacturing industries and financial markets in 19th century France. It shows that most industries didn’t want to… JEL classification : G14 G18 G24 N13 N23 N43
218 30/11/2011	Article	REF 104 The Relationship between Finance and Industry: A Historical Perspective - Human Capital in Finance Shortcomings of Firms’ Valuation in Financial Markets Free access Marc AUBERGER In an efficient market, optimal allocation of capital to listed companies relies on precise public information on their future profitability. Market regulation enforces a wide… JEL classification : G11 G18
219 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
220 30/11/2011	Article	REF 104 The Relationship between Finance and Industry: A Historical Perspective - Human Capital in Finance The French Banking Sector: a Growth and Employment Lever Free access Baudouin PROT Since the outburst of the financial crisis, French banks acted so that financial stability might be restored and economic growth might resume. During this period, in which… JEL classification : G01 G21 G28