IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this book

La prise des risques financiers : une approche macro-économique du rôle des marchés

Listed editor(s):
  • Granger, Thierry
Registered editor(s):
Listed author(s):
  • Pisani, Florence
Registered author(s):

    The rise of finance in developed economies is, for a part at least, a response to the provision and use of an ever growing volume of productive capital stocks and to the accumulation of an ever growing amount of financial assets, which is its counterpart. It is, however, far from being only a mechanical consequence of the development of the real sphere of the economy: the development of financial markets has also radically altered the way financial risks associated with the financing of the accumulation of capital stocks are now borne. The mechanisms allocating savings and redistributing financial risks at the disposal of our economies have, however, neither the efficiency nor the robustness advocated by the proponents of financial liberalization. The mass of risks a financial system can absorb depends not only on prudential regulatory constraints, but also on financial agents’ attitude towards risk. The pro-cyclical nature of the latter has a major impact on financial stability: the system can suddenly be unable to strike a balance on its own.

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below under "Related research" whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    in new window

    This book is provided by Paris Dauphine University in its series Economics Thesis from University Paris Dauphine with number 123456789/13269 and published in 2013.
    Handle: RePEc:dau:thesis:123456789/13269
    Note: dissertation
    Contact details of provider: Web page:

    More information through EDIRC

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:dau:thesis:123456789/13269. 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: (Alexandre Faure)

    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.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.