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485 results matching your search
Date	Type	Description
41 16/08/2021	Article	REF 142 The Future of Financial Intermediation Money and Credit: a Never Ending Debate Free access François MEUNIER How far should we go in separating the business of lending from the business of deposit and money management within the banking system? This is a debate that is taking on new… JEL classification : G28 G23 G21 G01 E51 E50 B26
42 16/08/2021	Article	REF 142 The Future of Financial Intermediation Search for Yield and the Global Covid Crisis: the Phantom Systemic Crisis Free access Christophe BOUCHER Patrick KOUONTCHOU The persistent and structural low level of interest rates has been accompanied by increased risk-taking by investors in financial markets, raising fears of greater financial… JEL classification : G23 G11 G01 E58 E43
43 16/08/2021	Article	REF 142 The Future of Financial Intermediation The Inexorable Drift of the Financial System Free access Vivien LEVY-GARBOUA Gérard MAAREK The monetary and financial system of developed countries is in constant move, to accommodate changes in the technological, political and social conditions. After a period of… JEL classification : G28 G23 G21 G01 E58 E52 E51 E50 B26
44 16/08/2021	Article	REF 142 The Future of Financial Intermediation Banking, Money and Credits Free access Jean-Charles ROCHET Marianne VERDIER The traditional business model of commercial banks exploits economies of scale between deposits and credit. New information technologies (Fintechs) and giant internet platforms… JEL classification : O33 G23 G21 G01 D40
45 16/08/2021	Article	REF 142 The Future of Financial Intermediation A Comparative Analysis of Financial Intermediation in the Euro Area and the United States Free access Céline CHOULET Laurent QUIGNON Following the 2008 financial crisis, the eurozone financial system was profoundly reconfigured. In the absence of the key factors that supported the development of market finance… JEL classification : N20 G15 G20
46 07/07/2021	Article	REF 141 Debt in Emerging and Developing Countries Evolution of Foreign Currency Bond Issuance and the New Challenges Revealed by the Covid-19 Pandemic Free access Gong CHENG We present here the evolution of foreign currency bond issuance in emerging market economies after the global financial crisis, with an emphasis on regional disparities. Between… JEL classification : E44 F34 F41 G15 H63
47 07/07/2021	Article	REF 141 Debt in Emerging and Developing Countries Sovereign Debt Restructuring: Knowing How to Navigate in Turbulent Waters Free access Pierre CAILLETEAU Thomas LAMBERT With the Covid-19 pandemic, public debts will reach unprecedented levels around the world, and many countries are already struggling to meet their obligations. The future of our… JEL classification : E44 F02 F30 F34 F40 G00 G10 G15 G30
48 07/07/2021	Article	REF 141 Debt in Emerging and Developing Countries Emerging Market Debt and Development Economics: a Retrospect from 1970 to the Covid Free access Camille FABRE Clément MARSILLI Following the Covid crisis, debt was mobilized on a large scale and rapidly, in the developed countries, the situation is more complicated for the emerging countries, and a… JEL classification : E44 F21 F30 F34 F40 G00 G10 G15 G30
49 07/07/2021	Article	REF 141 Debt in Emerging and Developing Countries African Countries' Access to International Bond Markets: Benefits, Risks and Solutions Free access Gregory SMITH The size and composition of Africa's sovereign debt has changed rapidly in the decade following the global financial crisis. Several new borrowing opportunities have emerged,… JEL classification : E44 F21 F30 F34 F40 G00 G10 G15 G30
50 07/07/2021	Article	REF 141 Debt in Emerging and Developing Countries Club de Paris and G20 Action on Debt Treatment at the Time of Covid-19 Free access Schwan BADIROU GAFARI Arthur BAUER The liquidity crisis related to the Covid-19 pandemic could turn into a solvency crisis, requiring some countries to restructure their public debt. We indicate here that the… JEL classification : E44 F21 F30 F34 F40 G00 G10 G15 G30
51 07/07/2021	Article	REF 141 Debt in Emerging and Developing Countries The Expansion of Corporate Debt Issuance in the Asian and Latin American Markets Free access Facundo ABRAHAM Juan J. CORTINA Sergio L. SCHMUKLER Firms in East Asia and Latin America expanded their borrowing activity by increasing bond issuances during 2010-2019. A higher demand of corporate bonds by institutional investors… JEL classification : F32 F34 F65 G00 G10 G15 G30
52 07/07/2021	Article	REF 141 Debt in Emerging and Developing Countries Building Domestic Bond Markets in Emerging and Developing Economies: the Role of Market Transparency Free access Florian LALANNE Jim TURNBULL This article focuses on the role of market transparency in supporting the development of domestic bond markets in emerging and developing economies. Market transparency is defined… JEL classification : G10 G14 G18
53 07/07/2021	Article	REF 141 Debt in Emerging and Developing Countries Debt, Development and Dependence: Financial Stability and Debt for Economic Development in Emerging Markets Free access Carl Magnus MAGNUSSON Borrowing, both public and private, has increased significantly in emerging markets (EMs) in recent years. These developments have given new impetus to the debate about the… JEL classification : E44 F21 F30 F34 F40 G00 G10 G15 G30
54 07/07/2021	Article	REF 141 Debt in Emerging and Developing Countries Debt and Development: the Challenges Raised by the Dakar Consensus Free access Hippolyte d' ALBIS Pierre JACQUET Jean-Hervé LORENZI Akiko SUWA-EISENMANN The first official trip to Africa of the new Managing Director of the IMF, Kristalina Georgieva, took place in Dakar on December 2, 2019, to participate in an international… JEL classification : E00 M00 G00
55 24/12/2020	Article	REF 138 Climate Finance Institutional Investors Votes on Corporate Externalities: the Case of Two Emblematic Investors Free access Marie BRIÈRE Sébastien POUGET Loredana URECHE-RANGAU Do institutional investors engage with companies on corporate externalities such as greenhouse gas emissions? We study voting at shareholders meetings by two emblematic global… JEL classification : F21 G11 G23 Q54 Q56
56 24/12/2020	Article	REF 138 Climate Finance The Role of Labels in Green Finance: Construction and Regulation of a Label Market in France Free access Patricia CRIFO Rodolphe DURAND Jean-Pascal GOND This article analyzes the development of green and socially responsible labels in Europe over the past decades, their construction dynamics, and questions the real benefits of a… JEL classification : G11 G14 Q54 Q56
57 24/12/2020	Article	REF 138 Climate Finance Initial Public Offering and External Growth of French SMEs Free access Anaïs HAMELIN Vivien LEFEBVRE The initial public offering is a key step in a firm's growth process. However, few studies investigate the relationship between initial public offerings and firm's external growth… JEL classification : G10 G32 G34 L25
58 24/12/2020	Article	REF 138 Climate Finance Financial Investors : Effective Activists in the Face of Climate Risks? Free access Patricia CHARLÉTY The risks linked to global warming are among the first concerns of investors: physical, regulatory, or stranded asset risk, they affect all companies. This first translated into a… JEL classification : G02 G03 M14 Q54 Q56
59 24/12/2020	Article	REF 138 Climate Finance Low-Carbon Investment Strategies Free access David CZUPRYNA Bart GOOSENS Sébastien JALLET More and more investors the world over are basing their investment choices on an appreciation of climate risk. Several approaches have been developed to include the issue in the… JEL classification : G11 Q54 Q56
60 24/12/2020	Article	REF 138 Climate Finance Disclosure of Carbon Emissions in European Stock Markets Free access Valentin JOUVENOT Philipp KRUEGER In this article, we examine the rates, disclosure regimes and levels of corporate carbon emissions in the major European stock market indices from 2002 to 2017. We find an… JEL classification : G11 G14 Q54 Q56