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Master Thesis

La relation liquidité-prix d'actifs comme complément au principe de sélectivité du renflouement par un prêteur en dernier ressort

Abstract : The financial system is an easy target for a lot of troubles. Therefore, it is necessary to propose a crisis management framework. The aim of this paper is to present a model of Lender of Last Resort that not only proposes a way to manage the crisis but also prevent the moral hazard (which is the principal perverse effect of an intervention). We try to continue this model by underlying the risks of giving liquidity to the financial sector. The idea is to highlight the significance of the relation between liquidity and the asset prices. As a result, we consider several scenarios of end crises.
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Master Thesis
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https://dumas.ccsd.cnrs.fr/dumas-00563416
Contributor : Marie-Catherine Cadet <>
Submitted on : Thursday, December 15, 2011 - 12:24:40 PM
Last modification on : Thursday, March 15, 2018 - 4:56:04 PM
Long-term archiving on: : Tuesday, November 6, 2012 - 1:30:50 PM

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Marie-Sophie Gauvin. La relation liquidité-prix d'actifs comme complément au principe de sélectivité du renflouement par un prêteur en dernier ressort. Economies et finances. 2010. ⟨dumas-00563416⟩

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