Année : 2013

Where is the System? (Article non disponible)

Mercredi | 2013-04-10 B103 Sylvain BENOIT The aim of this paper is to emphasize the importance of choosing the level of the system (global, european or national) when dealing with systemic risk. Up to now, additional supervision and regulation were established for global systemically important banks, G-SIBs. The paper highlights the need for managing domestic systemically important banks, D-SIBs. This issue is central when focusing on Europe where each country should identify its D-SIBs whereas the Basel Committee on Banking […]

Les banques et la transmission des effets des politiques monétaires non conventionnelles

Mercredi | 2013-03-27 B103 Désiré KANGA Cet article analyse les effets des politiques d’assouplissement conduites par la Banque Centrale Européenne (BCE) sur l’activité de crédit au sein de la zone euro en répondant à deux questions. La première identifie les facteurs de transmission de ces politiques tandis que la seconde aborde la problématique des conditions de crédit. Il ressort que les politiques d’assouplissement conduites par la BCE ont eu un impact significatif sur l’offre de crédit dans les pays analysés […]

Intensive Margin of Electrification: Evidence from Rural India

Mardi | 2013-03-26 B103 Ujjayant CHAKRAVORTY – Beyza Ural MARCHAND – Martino PELLI This paper studies the effects of increased access to electricity in rural India on household income. We examine the effect of electrification at the intensive margin as well as from connecting to the grid – the extensive margin. The analysis is based on two rounds of a representative panel of more than 10,000 households. We use the district-level variation in land elevation and the district-level density of […]

The Value of Diplomacy: Bilateral Relations and Immigrant Well-Being

Mardi | 2013-03-19 B103 Leonardo BECCHETTI – andrew CLARK – Elena GIACHIN RICCA This paper attempts to establish the value of good relationships between countries by considering their effect on a group of individuals who are arguably intimately affected by them: immigrants. We appeal to an index of conflict/cooperation which is calculated as an annual weighted sum of news items between two countries. This index is matched to a sample of immigrants to Germany in the SOEP data. The index […]

Loan Officer Reliance on Hard Information: Empirical Investigation on the Role of Banking Competition

Mercredi | 2013-03-06 B103 Abdellah BOUCHELLAL Using a unique data set of credit file retrieved from one of the three major French banks, we investigate whether banking competition affects the loan officer production of particular form of information considering the whole of bank-firm relationship framework. Our data set allows us to introduce direct measure of hard and soft information used by loan officer during the credit underwriting process, as well as the other sources of bank revenues from its relationship […]

Regulated Cost Accounting: To Limit or to Create Competition?

Mardi | 2013-03-05 B103 Marc NIKITIN – Dragos ZELINSCHI Résumé : Nous examinons ici des expériences variées de calcul régulé des coûts, à la lumière du concept de gouvernementalité. Ces expériences sont recensées à différentes époques et dans différents secteurs. Nous constatons que, avant la seconde guerre mondiale, les systèmes régulés étaient principalement destinés à réduire les conséquences négatives d’une concurrence excessive ; au contraire, au cours des trente dernières années, une nouvelle version de calcul réglementé des coûts est […]

Explaining Inflation-Growth Non-Linearity Through Factors Reallocation (Article en attente)

Mercredi | 2013-02-20 B103 Muhammad KHAN – Arslan Tariq RANA This paper tries to explain inflation-growth non-linearity through factors reallocation using a large panel dataset of 104 countries. Our empirical results, based on instrumental variable 2SLS model, substantiate the view that inflation (weakly) enhances the accumulation of physical capital and reduces the accumulation of human capital. This indicates the presence of „Tobin effect‟ for physical capital accumulation and substitution effect (between work and education) for human capital accumulation. Moreover, this […]

Native Language, Spoken Language, Translation and Trade

Mardi | 2013-02-19 B103 Jacques MELITZ – Farid TOUBAL We construct new series for common native language and common spoken language for 195 countries, which we use together with series for common official language and linguistic proximity in order to draw inferences about (1) the aggregate impact of all linguistic factors on bilateral trade, (2) whether the linguistic influences come from ethnicity and trust or ease of communication, and (3) in so far they come from ease of communication, to […]