› 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)
9:15 - 11:15 (2h)
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)
9:15 - 11:15 (2h)
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)
› 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)
9:15 - 11:15 (2h)
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)
9:15 - 11:15 (2h)
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)
› 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)
14:00 - 16:00 (2h)
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)
14:00 - 15:30 (1h30)
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)
› 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)
14:00 - 16:00 (2h)
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)
14:00 - 16:00 (2h)
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)
› 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)
16:15 - 17:45 (1h30)
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)
16:15 - 17:45 (1h30)
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)
16:15 - 17:45 (1h30)
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)
16:15 - 17:45 (1h30)
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)
16:15 - 17:45 (1h30)
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)
Nauro Campos (Brunel University London), Jagjit Chadha (National Institute of Economic and Social Research), Fabrizio Coricelli (Paris School of Economics)
› Delayed Mimicking: The Timing of Fiscal Interactions in Europe - Marie-Pierre Hory, Laboratoire d'Economie d'Orleans
09:00-09:30 (30min)
› Optimal conservatism under fiscal uncertainty - Blandine ZIMMER, LaRGE - Institut d'Etudes Politiques de Strasbourg
09:30-10:00 (30min)
› Deficit, Monetization, and Economic Growth: A Case for Multiplicity and Indeterminacy - Minea Alexandru, Centre d'Etudes et de Recherches sur le Développement International - Maxime Menuet, Laboratoire d'Economie d'Orleans - Patrick Villieu, Laboratoire d'Economie d'Orleans
10:00-10:30 (30min)
9:00 - 11:00 (2h)
Liquidité bancaire (2)
CERDI-Ecole Economie- Salle Messance
Mihai Copaciu (National Bank of Romania)
› Interdépendance risque de crédit risque de liquidité et fragilité bancaire : une application aux banques de la zone euro - Eric Fina kamani, Centre de Recherche sur l'Intégration Economique et Financière
09:00-09:30 (30min)
› The bank lending channel from the European syndicated loan market perspective - Matthieu PICAULT, IESEG School of Management
09:30-10:00 (30min)
› Incentivising lending to SME's with the funding for lending scheme: some evidence from bank-level data in the united kingdom - Olena Havrylchyk, Laboratoire d'Economie et de Management
10:00-10:30 (30min)
› What Drives Sovereign Spreads in the Euro Area? The Importance of the Alignment of Views Between Investors and Policymakers. - Alexandre Girard, Girard
10:30-11:00 (30min)
› The effects of CEO pay transparency in France: Benchmarking, ‘catching-up', and outsider scrutiny - Lionel Almeida, EconomiX
09:00-09:30 (30min)
› Control rights versus cash-flow rights, banks' shareholders and bondholders conflicts: Evidence from the 2007 - 2010 crisis - Cécile Casteuble, Laboratoire d'Analyse et de Prospective Economique
09:30-10:00 (30min)
› Excès de confiance chez les dirigeants et performance boursière des acquéreurs français : effet modérateur du capital social des administrateurs indépendants - Naoufel Krifa, GRANEM UMR-MA n°49 et RIME-Lab (EA7396)
10:00-10:30 (30min)
› Employee ownership threshold and performance: an application to French non-financial firms - Kirsten Ralf, Département de finace, ESCE International Business School
10:30-11:00 (30min)
9:00 - 10:30 (1h30)
Régulation bancaire
CERDI-Ecole Economie- Salle Pascal
Samuel Guérineau (Cerdi, Université d'Auvergne)
› Optimal scale of banking regulation: national versus supranational institutions - Joseph G. ATTILA, Laboratoire de Recherches Interdisciplinaires en Management et Economie
09:00-09:30 (30min)
› The impact of regulatory requirements on the bank loans flows to emerging countries - Samira HELLOU, EconomiX
09:30-10:00 (30min)
› Credit growth, information sharing and macro-prudential policies in low and middle-income countries - Samuel Guérineau, Université d'Auvergne, CERDI
10:00-10:30 (30min)
9:00 - 11:00 (2h)
Politique monétaire (3)
IADT - Amphithéâtre
Etienne Farvaque (LEM, Université Lille I)
› Fragmentation in the European retail-banking sector: has the ECB lost control? - Fabien Labondance, CRESE – Université de Franche-Comté & OFCE – Sciences Po
09:00-09:30 (30min)
› Monetary Policy and Asset Mispricing - Kerstin Bernoth, German Institute for Economic Research
09:30-10:00 (30min)
› US monetary policy and commodity prices: the financialization hypothesis. - Papa Gueye Fam, Laboratoire d'Économie Appliquée au Développement - RACHIDA HENNANI, Laboratoire Montpelliérain d'Économie Théorique et Appliquée - Nicolas HUCHET, Laboratoire d'Economie Appliquée au Développement
10:00-10:30 (30min)
› Financial Disruption and State Dependant Credit Policy - Thibaud Cargoët, Centre de Recherche en Economie et Management
10:30-11:00 (30min)
9:00 - 10:30 (1h30)
Finance de marché (4)
IADT - Salle 103
Sébastien Galanti (LEO, Université d'Orléans)
› Daily Herding Behavior in the Fund Family - Guillaume Schoenenberger, Laboratoire de recherche en gestion et économie
09:00-09:30 (30min)
› Conditional Relationship Between Beta and Return in the US Stock Market - Bing Xiao, CRCGM Université d'Auvergne
09:30-10:00 (30min)
› The Eurozone deposit rates' puzzle: choosing the right benchmark - Julien Pinter, Université Paris 1, Panthéon-Sorbonne
10:00-10:30 (30min)
Alin Andries (Alexandru Ioan Cuza University of Iasi)
› The weight of residential investment in the French economy - Asma BEN SAAD, Laboratoire d'Economie d'Orléans
13:30-14:00 (30min)
› A Monetary Condition Index in Switzerland: How to be Still Efficient in Forecasting Inflation after the Crisis? - Cyriac Guillaumin, Centre de Recherche en Economie de Grenoble - Guillaume Vallet, Centre de Recherche en Economie de Grenoble
14:00-14:30 (30min)
› Local Versus International Crises, Foreign Subsidiaries and Bank Stability: Evidence from the MENA Region. - Tammuz ALRAHEB, Université de Limoges
14:30-15:00 (30min)
13:30 - 15:00 (1h30)
Politique monétaire (4)
IADT - Amphithéâtre
Pierre-Charles Pradier (Université Paris 1 Panthéon-Sorbonne - LabEx RéFi)
› Central Bank Conservatism and financial vulnerability. - Florian Pradines, Laboratoire d'Economie d'Orleans
13:30-14:00 (30min)
› Transaction Cost Heterogeneity in the Interbank Market and Monetary Policy Implementation under alternative Interest Corridor Systems - Thomas Link, Heinrich Heine University Duesseldorf (HHU)
14:00-14:30 (30min)
› Analyse et évaluation des canaux de transmission de la politique monétaire dans la CEMAC : Une approche SVAR et SPVAR - Jacques Landry Bikai, Banque des Etats de l'Afrique Centrale
14:30-15:00 (30min)
13:30 - 15:00 (1h30)
Crédit, épargne
IADT - Salle 103
Simone Bertoli (Cerdi, Université d'Auvergne)
› Determinants of pricing in the UK mortgage market prior to the Global Financial Crisis - Aniruddha Rajan, Bank of England
13:30-14:00 (30min)
› Marché du crédit à la consommation, partage de l'information et risque de surendettement - Pauline Gregoire-Marchand, Ecole d'Économie de Paris - Paris School of Economics
14:00-14:30 (30min)
› La stratégie de désinvestissement graduel des marchés financiers sécurise-t-elle réellement l'épargne ? - Eric Yayi, Laboratoire d'économie d'Orleans
14:30-15:00 (30min)
https://gdrecerdi2016.sciencesconf.org/data/program/carte_prog.pdf
IADT - Amphithéâtre
https://gdrecerdi2016.sciencesconf.org/data/program/D_Miles_Macro_prudential_policy_and_housing_July_2016.pptx
