Search results for "Finance"

Spanish banking system restructuring after the crisis and the solvency in financial institutions. Consequences for savings banks

2013

La crisis financiera que ha afectado a todo el mundo ha tenido una incidencia especial en España. Las cajas de ahorros, que llevan más de 100 años desarrollando su gestión financiera, han desaparecido, por lo menos tal como venían desarrollando su actividad. Esta caída ha sido motivada por las políticas marcadas por el Banco de España, el Ministerio de Economía y el Fondo de Reestructuración Ordenada Bancaria (FROB) para salvar el sistema financiero español. El objetivo de estos organismos, según sus recomendaciones y la normativa emitida, era un proceso de bancarización de las cajas de ahorros y que todas las entidades financieras ganaran en tamaño, y de esta forma se deberían poner las ba…

Bank Act of 1844

2015

Un bastion de la résistance aux IFRS, la macro-couverture

2016

The lingering memory of the opposition within the EU to the endorsement of IAS 39 is still very much alive, and the so - called “carve out” standard is a daily remembrance of this fact . It is most commonly associated with the widespread use, within this standard, of the fair - value. This presentation aims at studying another battlefield, the banking practice of macro - hedging and the way French banks are still accounting for it. To This topic will be dealt with through the economic models at stake and their impact on the financial statements, in order to observe how an entity may, or may not, account for this specific activity.

The World Bank’s Early Reflections on Development: A Development Institution or a Bank?

2009

Until the late 1960s, the World Bank presented itself as an institution devoted to making sound and directly productive project loans. Yet, during its very early years, some discussions developed inside the Bank regarding the possibility of issuing different types of loans, namely (i) loans aimed at tackling social issues ("social loans"), and (ii) loans aimed at providing foreigncurrency to address disequilibria in the balance of payments ("impact loans"). This paper brings together historical analysis and theories of organization development to study the housing issue as a case in point. The analysis reveals that the Bank was unwilling to lend for housing programs not because these were n…

Participation à l'émission "l'Etre de Motivation" sur Radio Dijon Campus le mardi 11 octobre 2016 sur la Communication des Banques Centrales

2016

Participation à l'émission "l'Etre de Motivation" sur Radio Dijon Campus le mardi 11 octobre 2016 sur la Communication des Banques Centrales

La Banque centrale européenne : regards croisés, droit et économie

2015

International audience

L’euro, le bourdon et le banquier central

2016

International audience; Cet article s’interroge sur les raisons de la montée en puissance de la politique de communication des banques centrales, notamment celle de la BCE. Nous commençons par présenter les arguments mis en avant par la théorie économique standard, qui justifie à la fois l’indépendance des Banques Centrales (à l’égard du pouvoir politique) et le «gouvernement des anticipations» des agents économiques. Les thèmes de la transparence, de la crédibilité et de l’indépendance ont été associés au cours des années 1980, aboutissant à la nécessité de mettre en place des banquiers centraux «conservateurs», c’est-à-dire hostiles à l’inflation. Cette littérature a influencé les pratiqu…

« La Banque d’Angleterre et la City » ; « La Grande-Bretagne et son empire »

2014

National audience;

: The Place of the State in Africa according to the World Bank : limits of a neo-liberal policy

2005

This contribution aims to analyse the change in discourse held by the World Bank concerning the reform of the State in Africa in the educational sphere. After inspection, it emerges that despite new discourses on the "fight against poverty", the World Bank's neo-liberal policy still grants the State a minor role in the design and execution of educational policies. One would have thought of an evolution from the strict structural adjustment policies towards a policy of social adjustment where fundamental assets concerning the social field would be taken into account. That is not the case : the fight against poverty policy maintains the course of adjustment policies, by preserving a minimal s…

La Banque Mondiale et l'éducation, ou : est-il plus simple de construire de grands barrages que de petites écoles ?

2002

An indirect consequence of the economic globalisation is the questioning of the States as economic actors. In the context of developing countries, structural adjustment policies' constraint sometimes brutally destructured the educational systems. Reversibly, the social demand for education grew as the access to instruction was perceived as the most effective individualised strategy to escape underdevelopment. The international community quickly understood that such a degraded situation could only compromise the objective of education for all. The World Bank which was conscious of such problem as well as the economic inefficiency of many national educational systems decided to divert its act…