CET ARTICLE TRAITE DE L'Information financière et normalisation 1900-1950

We explain why correlation crises may occur in insurance and finance. These phenomena are not taken into account in Solvency II standard formula. We show the importance of taking them into account in internal models or partial internal models. Given the variety of scenarios that could lead to...

[fre] D’une crise financière à l’autre (LTCM - Long Term Capital Management –, bulle internet, « subprime » américains…), on a l’impression que les mêmes causes - optimisme irrationnel des acteurs, négligence coupable des contrôleurs potentiels vis-à-vis d’entités non...

During the 1940s, standardisation of enterprise accounting practices to conform to the newly issued accounting code (Plan comptable général) disturbed the natural evolution of French accounting theory. Although the beginning of the century had been a period of theoretical effervescence, marked...