Incertitude, risque et asymétrie d'information sur les marchés financiers
[fre] Après avoir cerné, par une revue de la littérature, le fonctionnement des marchés financiers, caractérisés par les phénomènes d'incertitude, de risque, et d'asymétrie d'information, nous montrons que la prise en compte de la qualité des agents et, plus précisément, l'appréciation de leur réputation et de leur crédibilité, contribue à améliorer le traitement de la complexité de ces marchés. [eng] Since the mid 1980s Japan's external surpluses have increased significantly. This phenomenon, which is not due to cyclical factors, is linked, in the context of the increasing globalization of the world economy and investment, to the very high level of Japanese savings. Should it persist, this situation would have dramatic consequences for the ownership and control of world capital. Among the possible measures aimed at curbing such a development, which is regarded as a matter of concern to other regions of the world, including Europe, policies aimed at stimulating savings are undoubtedly the most reliable and would have the fewest negative economic side effects. However, any significant increase in total savings in Europe would be difficult to achieve without profound changes to some aspects of the economic and social system.
Volume (Year): 7 (1992)
Issue (Month): 2 ()
|Contact details of provider:|| Web page: http://www.persee.fr/collection/rfeco|
When requesting a correction, please mention this item's handle: RePEc:prs:rfreco:rfeco_0769-0479_1992_num_7_2_1308. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Equipe PERSEE)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.