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Droit, architecture financière et stratégies des banques


  • Bertrand Chopard
  • Bruno Deffains
  • Jean-Daniel Guigou


The legal origin influences the development of the financial system which impacts on the long run economic growth. So, we would like to conclude on the superiority of a special legal tradition or the bank based/market based system. However, the architecture of the financial system is neutral. It is rather the level of development of the financial sector that determines economic growth. Then, banks showed their capacity to react to the institutional changes through the multiplication of their activities and the choice of new debt contracts. Finally, common law, which a priori supports the development of the capital markets, generates nevertheless a legal risk related to the unpredictability of courts? decisions and some difficulties of harmonization due to a decentralized production of the law. JEL code: K29.

Suggested Citation

  • Bertrand Chopard & Bruno Deffains & Jean-Daniel Guigou, 2007. "Droit, architecture financière et stratégies des banques," Revue de l'OFCE, Presses de Sciences-Po, vol. 101(2), pages 333-354.
  • Handle: RePEc:cai:reofsp:reof_101_0333

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    References listed on IDEAS

    1. Shapiro, Matthew D, 1993. "Cyclical Productivity and the Workweek of Capital," American Economic Review, American Economic Association, vol. 83(2), pages 229-233, May.
    2. Gilbert Cette & Dominique Taddéi, 1995. "Durée d'utilisation des équipements industriels : mesure et éléments de comparaison internationale," Économie et Statistique, Programme National Persée, vol. 287(1), pages 27-36.
    3. Joseph Lanfranchi & Henry Ohlsson & Ali Skalli, 2004. "Action collective et différences compensatrices : le cas des travailleurs masculins à horaires atypiques," Economie & Prévision, La Documentation Française, vol. 0(3), pages 57-79.
    4. Antoine Bonleu & Gilbert Cette & Guillaume Horny, 2013. "Capital utilization and retirement," Applied Economics, Taylor & Francis Journals, vol. 45(24), pages 3483-3494, August.
    5. Dominique Anxo & Gerhard Bosch & Derek Bosworth & Gilbert Cette & Thomas Sterner & Dominique Taddei, 1995. "Horaires de travail et durée d'utilisation des équipements : quelques aspects théoriques," Économie et Statistique, Programme National Persée, vol. 287(1), pages 37-43.
    6. Gilbert Cette, 1989. "Recours au travail posté et caractéristiques des entreprises," Économie et Prévision, Programme National Persée, vol. 87(1), pages 43-48.
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    JEL classification:

    • K29 - Law and Economics - - Regulation and Business Law - - - Other


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