This paper deals with the link between market interest rates and bank profitability for EU countries in the context of convergence towards a single currency and standardization of prudential regulation. A model of bank income and cost adjustment to changes in market interest conditions (level of...

[fre] L'objet de cet article est d'apporter quelques éléments de réponse empiriques sur le rôle joué par les agences de notation dans l'exercice d'une discipline de marché accrue des banques et autres intermédiaires financiers. L'approche de l'économétrie événementielle est adoptée...

[eng] The propose of this paper is to analyse bank behaviour in Central and Eastern Europe relative to their interest margin setting. A formalisation through a framework where decisions are taken under imperfect competition and uncertainty underlines the role of credit and maturity risks and...

This paper examines the role played by rating agencies in increasing market discipline for banks and other financial intermediaries. Using a standard event study methodology applied on a sample of European banks we first analyse the impact of rating changes on bank stock prices. Tests for the...

Research question: This article investigates the determinants of attendance at French football Ligue 1 matches over the 2008-2011 period, with a focus on the effect of competitive intensity. This is measured by dummies that are functions of the point difference for the home team in relation to...

This paper proposes an assessment of the monetary policy performed by the European Central Bank (ECB) and, more specifically this paper investigates to what extent the ECB monetary policy decisions were guided by financial instability signals. Our assessment is achieved by estimating a Taylor's...

La topologie des marchés financiers émergents peut être établie soit selon le critère habituel de la proximité géographique, soit selon un critère de proximité du régime monétaire. En considérant explicitement les différences de régimes monétaires, et plus spécifiquement les...

After the financial crisis burst out, a large number of European countries, especially the new members, focused on the EU funds absorption in order to restore their economic growth. The EU funds are considered an attractive tool for financing investment opportunities, in particular in times of...

This special issue of the Brussels Economic Review is dedicated to a selection ofpapers presented at the 2013 annual meeting of the European research group,GDRE (Groupement De Recherche Européen) Money, Banking and Finance. Thisinternational network, part of the CNRS (Centre National de la...