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495 results matching your search
Date	Type	Description
221 23/09/2011	Article	REF 103 The crisis exit policies The ECB: What Crisis Exit Scenario(s) ? Free access Christian BORDES Laurent CLERC This article examines the exit strategy, which in the ECB’s terminology is to be understood as the unwinding of the various non-standard measures decided independently of the… JEL classification : E43 F34 G01
222 23/09/2011	Article	REF 103 The crisis exit policies The New Micro-prudential Regulation Framework of the Banking Sector: Central Aspects, Impacts and Limitations Free access Jean Paul POLLIN This article intends to give a short presentation and assessment of the new rules of banking regulation initiated by Basel III. We first describe the motivations and key… JEL classification : E42 F34 G01
223 23/09/2011	Article	REF 103 The crisis exit policies Some Empirical Evidence on the Recent Financial Crisis Free access Virginie COUDERT Valérie MIGNON This article provides some empirical evidence on the recent global financial crisis in comparison with previous crises. First, this comparison is done through an assessment of the… JEL classification : G01 G15 E44
224 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
225 23/09/2011	Article	REF 103 The crisis exit policies The Crisis: What Will Be its Lasting Consequences on Growth, Labour and Public Finances? Free access Étienne DEBAUCHE Éric DUBOIS Pierre LEBLANC A review of the past financial crises suggests that the 2008-2009 crisis could lead to a durable loss of activity. In the main scenario, the French economy might suffer a… JEL classification : E32 E37 G01 O47
226 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
227 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
228 18/03/2011	Article	REF 101 Systemic risk (2) Supervision Emerging Countries in the Crisis Aftermath: the Financial Integration Reconsidered? Free access François-Xavier BELLOCQ Yves ZLOTOWSKI Since 2009, many emerging economies have started to implement capital control measures, a trend which breaks with the financial globalization dynamics that has marked emerging… JEL classification : F3 G01 O57
229 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
230 18/03/2011	Article	REF 101 Systemic risk (2) Supervision Insurance, Financial Stability and Systemic Risk Free access Philippe TRAINAR The collapse of the US monoliners and the rescue of AIG by the US government may have given the impression that we would have finally had the proof of the systemic nature of… JEL classification : G01 G22 G28
231 18/03/2011	Article	REF 101 Systemic risk (2) Supervision Les hedge funds : quelles implications en termes de risque systémique ? Free access Sabrina KHANNICHE Hedge funds aim to provide absolute returns. This purpose implies taking positions in complex financial markets that are sensitive to extreme losses. They are thus sources of… JEL classification : F4 G15 G23
232 18/03/2011	Article	REF 101 Systemic risk (2) Supervision Which Scope for the Financial and Banking Regulation? Free access Pierre-Henri CASSOU Following the financial crisis, most reforms have been mainly focused on the prudential dimensions. The author highlights that the scope of the rules and of the supervision… JEL classification : G01 G18 G28
233 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
234 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
235 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
236 03/01/2011	Article	REF 100 Le risque systémique (1) Repenser la finance Crise financière et politique monétaire Free access Benoît BESSON Benoît NGUYEN Stanislas ORDODY La crise à laquelle les marchés financiers et les économies mondiales ont été confrontés depuis 2007 a pris des formes multiples. Elle s’est propagée de segments de marchés… JEL classification : E02 G01 E52 E58
237 03/01/2011	Article	REF 100 Le risque systémique (1) Repenser la finance L'Afrique subsaharienne à l'épreuve de la crise Free access Bastien BEDOSSA François-Xavier BELLOCQ Pierre JACQUET Sophie KELLER Caroline LENSING-HEBBEN Gaëlle LETILLY Même s’ils sont moins intégrés à l’économie mondiale que les pays émergents, les pays d’Afrique sub-saharienne ont subi les conséquences de la crise mondiale qui a… JEL classification : G01 F30 O57
238 03/01/2011	Article	REF 100 Le risque systémique (1) Repenser la finance Too big to fail : gouvernance et régulation des banques Free access Frédéric LOBEZ Cet article tente de répondre aux questions suivantes : Quels ont été le rôle et les effets de la gouvernance des banques dans le développement de la crise ? Quelles leçons tirer… JEL classification : G01 G21 G28
239 03/01/2011	Article	REF 100 Le risque systémique (1) Repenser la finance La gestion des crises systémiques et les réformes du système financier Free access Jacques de LAROSIÈRE L’ancien directeur général du FMI (1978-1993) tire les leçons de la crise financière qui a secoué les pays d’Amérique latine, et le Mexique en particulier, au cours des… JEL classification : F3 G01 G28 H12 H63
240 03/01/2011	Article	REF 100 Le risque systémique (1) Repenser la finance La comptabilité mark-to-market en période de crise Free access Franklin ALLEN Elena CARLETTI La comptabilité mark-to-market doit-elle être utilisée par les institutions financières ? On peut soutenir que les prix de marché fournissent la meilleure estimation possible de… JEL classification : G12 M41 M48