33nd International Symposium on Money, Banking and Finance

Accueil IADT

Accueil des participants et café

https://gdrecerdi2016.sciencesconf.org/data/program/carte_prog.pdf

Allocution

IADT - Amphithéâtre

Crises financières

CERDI-Ecole Economie- Salle Lafayette

Marcel Voia (Carleton University)

› Are banking crises really an equal opportunity menace? - Yamina Tadjeddine, Université Paris Ouest Nanterre La Défense 09:15-09:45 (30min)

› Financial Development and the Duration of Banking Crises - Clément Mathonnat, Centres d'Etudes et de Recherches sur le Développement International - Alexandru Minéa, Centre d'Etudes et de Recherche sur le Développement International 09:45-10:15 (30min)

› Systemic risk with endogenous loss given default - Pieter Ijtsma, University of Groningen 10:15-10:45 (30min)

› Empirics of Currency Crises: A Duration Analysis Approach - Marcel Voia, Carleton University 10:45-11:15 (30min)

Finance d'entreprise (1)

CERDI-Ecole Economie- Salle Messance

Benjamin Williams (UEM, Université d'Auvergne)

› The impact of international swap lines on stock returns of banks in emerging markets - Alin Andries, Alexandru Ioan Cuza University of Iasi 09:15-09:45 (30min)

› Corporate financial distress and stock return: Empirical evidence from the French stock market - Nada Mselmi, Univ. Orléans, CNRS, LEO, UMR 7322, F-45067, Orléans, France 09:45-10:15 (30min)

› Connections between bank boards of directors and shareholders: Is there an impact on the cost of equity? - Laetitia Lepetit, Laboratoire d'Analyse et de Prospective Economiques - Thu Ha TRAN, Laboratoire d'Analyse et de Prospective Economiques 10:15-10:45 (30min)

› How fair are the fair price standards in blockholder regimes? Evidence from Romania - Adrian Pop, University of Nantes 10:45-11:15 (30min)

Finance de marché (1)

CERDI-Ecole Economie- Salle Montyon

Claudiu Albulescu (Politehnica University of Timisoara)

› Equity market fragmentation and the topology of intraday volatilies - Cécile Bastidon, Laboratoire d'Économie Appliquée au Développement 09:15-09:45 (30min)

› Do bond credit ratings lead to excess comovement? - Louis Raffestin, Laboratoire d'analyse et de recherche en économie et finance internationales 09:45-10:15 (30min)

› Overfitting in estimation of the Hurst index for multifractional models - Marie-Eliette Dury, Ecole d'Economie de Clermont-Ferrand 10:15-10:45 (30min)

› Stock prices, inflation and inflation uncertainty in the U.S.: Testing the long-run relationship considering Dow Jones sector indexes - Claudiu Albulescu, Politehnica University of Timisoara 10:45-11:15 (30min)

Histoire de la finance

CERDI-Ecole Economie- Salle Pascal

Christian Rietsch (LEO, Université d'Orléans)

› The unsustainable Romanian stabilization: 1929 - 1933 - Torre Dominique, Université Nice Sophia Antipolis - GREDEG - Raphaël Chiappini, Université Nice Sophia Antipolis - GREDEG 09:15-09:45 (30min)

› The debt of the Hôtel-Dieu de Paris from 1660 to 1690: a testbed for sovereign default - Pierre-Charles Pradier, Centre d'économie de la Sorbonne, Laboratoire d'Excellence sur la Régulation Financière 09:45-10:15 (30min)

› Ingénierie financière comparée : les tontines en France et au Royaume-Uni - Christian Rietsch, Laboratoire d'Economie d'Orleans 10:15-10:45 (30min)

› There Is No (Depression) Childhood's End, for Central Bankers too - Etienne Farvaque, Lille - Economie et Management 10:45-11:15 (30min)

Politique monétaire (1)

IADT - Amphithéâtre

Jean-François Brun (Cerdi, Université d'Auvergne)

› How can it work? On the impact of quantitative easing in the Eurozone - Roberto Tamborini, Department of Economics and Management, University of Trento - Francesco Saraceno, OFCE 09:15-09:45 (30min)

› Impact of Fed tapering announcements on North African equity markets - bastien Bonijoly, Laboratoire d'Économie Appliquée au Développement - Cécile Bastidon, Laboratoire d'Économie Appliquée au Développement 09:45-10:15 (30min)

› U.S. Monetary Policy Normalization and Global Interest Rates - Ishak Demir, Birkbeck, University of London 10:15-10:45 (30min)

› Foreign Exchange Interventions as an (Un)conventional Monetary Policy Tool: Mid-Term Evaluation - Lubomir Lizal, CNB 10:45-11:15 (30min)

Taux de change

IADT - Salle 103

Jean-Louis Combes (Cerdi, Université d'Auvergne)

› Régimes de change et performances économiques en Afrique : Quelles leçons pour les pays de l'UEMOA? - Abdoul Khadry Sall, Laboratoire de Recherche en Economie de Saint-Louis 09:15-09:45 (30min)

› L'endogénéisation d'une monnaie unique dans la Communauté Économique des États de l'Afrique Centrale (CEEAC) - 09:45-10:15 (30min)

› Breaking the Swiss Franc peg: afraid of financial losses? - Marc Pourroy, CRIEF, Université de Poitiers 10:15-10:45 (30min)

› Co_Movements of Non-Euro EU Currencies with the Euro - Lucjan Orlowski, Sacred Heart University 10:45-11:15 (30min)

Financial fragility and some insights from a euro area banking crisis

IADT - Amphithéâtre

Professor Panicos Demetriades (Leicester University); Chairman : Jean-Bernard Chatelain (Paris School of Economics)

https://gdrecerdi2016.sciencesconf.org/data/program/Demetriades_Panicos_pol_eco_euro.pdf

Déjeuner

Politique économique

CERDI-Ecole Economie- Salle Lafayette

Marie-Françoise Renard (Cerdi, Université d'Auvergne)

› Does Being an IMF Executive Board Member (Re-)Pay? An Examination of IMF Loans and Repayments. - FRANCK MALAN, Equipe d'Economie le Havre Normandie 14:00-14:30 (30min)

› Fear of Political Alternation. How do Ratings Agencies React to Leadership Changes? - Hyppolite Balima, Centre d'études et de recherches sur le developpement international 14:30-15:00 (30min)

› Why are Reforms incomplete? Reputation versus the “need for enemies” - Maxime MENUET, Laboratoire d'économie d'Orleans 15:00-15:30 (30min)

› Politics and Banking in Russia: The Rise of Putin - Laurent Weill, Laboratoire de recherche en gestion et économie 15:30-16:00 (30min)

Finance d'entreprise (2)

CERDI-Ecole Economie- Salle Messance

Anne-Gaël Vaubourg (Larefi, Université de Bordeaux)

› Bank dividends, agency costs and shareholder and creditor rights - Laetitia Lepetit, Université de Limoges, LAPE - Céline Meslier, Université de Limoges, LAPE 14:00-14:30 (30min)

› Dividend Persistence and Bank Dividend Policy - Michalis Makrominas, Frederick University 14:30-15:00 (30min)

› Is Bank Capital Sensitive to a Tax Allowance on Marginal Equity? - José Martin-Flores, Labex-RéFi, ESCP-EAP - Christophe Moussu, Labex-RéFi, ESCP-EAP 15:00-15:30 (30min)

› Banks' shareholding in multilateral trading facilities and implications for historical exchanges: An industrial economics approach - Anne-Gaël Vaubourg, Laboratoire d'analyse et de recherche en économie et finance internationales 15:30-16:00 (30min)

Finance de marché (2)

CERDI-Ecole Economie- Salle Montyon

Florent Bresson (Cerdi, Université d'Auvergne)

› Non parametric news impact curve: a variational approach - Clement Goule, Centre d'économie de la Sorbonne 14:00-14:30 (30min)

› Competition between Clearing Houses on the European Market - Marchand Nadege, Groupe d'analyse et de théorie économique 14:30-15:00 (30min)

› Risk Parity-based Smart Beta ETFs and Estimation Risk - Daria Onori, Laboratoire d'économie d'Orleans 15:00-15:30 (30min)

Banque

CERDI-Ecole Economie- Salle Pascal

Patrick Plane (Cerdi, Université d'Auvergne)

› On the consistency of the Z-score to measure the bank risk - Ion Lapteacru, Laboratoire d'analyse et de recherche en économie et finance internationales 14:00-14:30 (30min)

› Charter value and bank stability before and after the global financial crisis of 2007-2008 - Yassine Bakkar, Laboratoire d'Analyse et de Prospective Economique 14:30-15:00 (30min)

› Predicting bank failures: The leverage versus the risk-weighted capital ratio - Xi Yang, EconomiX 15:00-15:30 (30min)

› US Banks' Behavior since Lehman's Collapse, Bailout Uncertainty and the Choice of Exit Strategies - Alex cukierman, Tel Aviv University [Tel Aviv] and Interdisciplinary Center 15:30-16:00 (30min)

Politique monétaire (2)

IADT - Amphithéâtre

Patrick Villieu (LEO, Université d'Orléans)

› Monetary Policymakers' Sentiment and Private Beliefs - Paul Hubert, Observatoire Français des Conjonctures économiques 14:00-14:30 (30min)

› Consensus under Patriotic Pressure: What Drove Dissent inside the FOMC during WWII? - Etienne Farvaque, Lille - Economie et Management 14:30-15:00 (30min)

› Countercyclical versus Procyclical Taylor Principles - Jean-Bernard Chatelain, Paris School of Economics, Université Paris 1 Panthéon Sorbonne, Centre d'Economie de la Sorbonne 15:00-15:30 (30min)

› Inflation Targeting and Fiscal Rules: Do Interactions and Sequencing Matter? - Jean-Louis Combes, Centre d'Etudes et de Recherches sur le Développement International 15:30-16:00 (30min)

Finance et développement

IADT - Salle 103

Théophile Azomahou (Cerdi, Université d'Auvergne)

› Banks, firms and jobs - Fabio Berton, University of Torino 14:00-14:30 (30min)

› Financial Development and Income Inequality: The Linear versus the Nonlinear Hypothesis - nasreddine Kaidi, Economie et Stratégies des Affaires 14:30-15:00 (30min)

› Understanding the dichotomy of financial development: credit deepening versus credit excess - Alfonso Ugarte, BBVA Economics Research Department 15:00-15:30 (30min)

› R.E.M. 2.0: A DSGE model with partial euroization estimated for Romania - Mihai Copaciu, National Bank of Romania 15:30-16:00 (30min)

Pause café

IADT Cafeteria

Flux internationaux

CERDI-Ecole Economie- Salle Lafayette

Gervasio Semedo (Université de Tours)

› Sudden Stops of International Fund Flows - Suxiao Li, University of Groningen, School of Economics and Management, University of Chinese Academy of Sciences 16:15-16:45 (30min)

› What is a SIFI? On the Systemic Importance of Financial Institutions as determined by an Extended CAPM with Systemic Risk - Jean-Charles Garibal, Variances 16:45-17:15 (30min)

› Climate Shocks and Business Cycles - Ewen Gallic, Centre de Recherche en Economie et Management 17:15-17:45 (30min)

Finance de marché (3)

CERDI-Ecole Economie- Salle Messance

Alexis Direr (LEO, Université d'Orléans)

› Do markets learn to rationally expect US interest rates ? Evidence from survey data - Georges PRAT, EconomiX 16:15-16:45 (30min)

› Optimism bias in financial analysts' earnings forecasts: Do commissions sharing agreements reduce conflicts of interest? - Sébastien Galanti, Laboratoire d'économie d'Orleans 16:45-17:15 (30min)

› Speculative Bubbles Dynamics and the Role of Anchoring - Benjamin Williams, Université de Lorraine 17:15-17:45 (30min)

Liquidité bancaire (1)

CERDI-Ecole Economie- Salle Montyon

Ralf Kirsten (ESCE International Business School)

› Are Financial Regulators Insulated from Regulatory Capture ? - Mathilde Poulain, Centre d'économie de la Sorbonne 16:15-16:45 (30min)

› Does an increase in capital negatively impact banking liquidity creation? - Laurent Salé, ESCP-EAP 16:45-17:15 (30min)

› Leverage ratio restrictions: an empirical evaluation of their pros and cons. - Kévin Spinassou, Laboratoire d'Analyse et de Prospective Economique 17:15-17:45 (30min)

Concentration bancaire

CERDI-Ecole Economie- Salle Pascal

Cécile Bastidon (LEAD, Université de Toulon)

› Competition, Securitization, and Efficiency in US Banks - Antonio Bayeh, Centre d'études et de recherches appliquées à la gestion 16:15-16:45 (30min)

› Does consumer credit support domestic growth or imports? Evidence from France - Jerome Coffinet, Banque de France 16:45-17:15 (30min)

› Measuring Market Power in the Presence of Scale Economies: Theory and an Application to U.S. Commercial Banks - Laura Spierdijk, University of Groningen 17:15-17:45 (30min)

Réseaux financiers

IADT - Amphithéâtre

Thierry Montalieu (LEO, Université d'Orléans)

› The challenge of rural financial inclusion – evidence from microfinance - 16:15-16:45 (30min)

› Mobile money: substitute or complement of informal and formal financial mechanisms? Evidence from Burkina Faso - Serge Ky, Laboratoire d'Analyse et de Prospective Economique 16:45-17:15 (30min)

› Shock diffusion in financial networks - Dan Tran, Groupe de Recherche en Economie Théorique et Appliquée 17:15-17:45 (30min)

Politique monétaire, demande de monnaie et prix

IADT - Salle 103

Jean-Bernard Chatelain (Paris School of Economics)

› Fiat money or coordination device? - Jean Cartelier, Université Paris-Ouest 16:15-16:45 (30min)

› Mobile Payments with Couponing: The End of Cash? A Monetary Search Model Point of View - Françoise Vasselin, Laboratoire d'économie mathématique et de microéconomie appliquée 16:45-17:15 (30min)

› Learning, robust monetary policy and the merit of precaution - Marine Charlotte Andre, Bureau d'économie théorique et appliquée 17:15-17:45 (30min)

Brexit (Post Referendum)

IADT - Amphithéâtre

Nauro Campos (Brunel University London), Jagjit Chadha (National Institute of Economic and Social Research), Fabrizio Coricelli (Paris School of Economics)

33èmes Journées Internationales Monnaie Banque Finance

CERDI, 6 et 7 juillet 2016

Programme