IDEAS home Printed from https://ideas.repec.org/p/ulb/ulbeco/2013-184549.html
   My bibliography  Save this paper

Le rôle des produits dérivés face au risque systémique

Author

Listed:
  • Hugues Pirotte

Abstract

Each new crisis comes with financial innovations being pointed as scapegoats. But innovations are in general new tools materialising around existing strategies to make them more available and measurable. Their pace of evolution paired with that of the complexity of the interconnectedness between institutions and the rhythm of technology facilitating a number of transactions never dreamed of. But complexity brings opacity and it is crucial today to bring synthetic and comprehensive measures of the global exposure of an institution and the contagion risk present in the system. This requires a much clearer definition of expectations and responsibilities, and governance based on flow dynamics whatever the instruments and strategies are. Otherwise, important questions such as the exposure to liquidity risk will remain too large and obscure.

Suggested Citation

  • Hugues Pirotte, 2010. "Le rôle des produits dérivés face au risque systémique," ULB Institutional Repository 2013/184549, ULB -- Universite Libre de Bruxelles.
    • Handle: RePEc:ulb:ulbeco:2013/184549
    Note: SCOPUS: ar.j
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below 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.

    Other versions of this item:

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ulb:ulbeco:2013/184549. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Benoit Pauwels (email available below). General contact details of provider: https://edirc.repec.org/data/ecsulbe.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.