Organisation : Faculté de Droit, d’Économie et de Finance (FDEF)
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Events
Workshop in Gender and Economics
En savoir plusThe department of Economics (CREA) at the University of Luxembourg is organising a workshop in Gender and Economics on the 9 and 10 December 2019.
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Events
Private Equity and Financial Stability: Evidence from Failed Bank Resolution in the Crisis
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Events
Présentation d’ouvrage
En savoir plusConférence de présentation d’ouvrageProfesseur Antoine Pantelis, Université d’AthènesDroit constitutionnel HelléniqueL’harmattan, 2018
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News
BEI et Université mobilisées ensemble pour les cinq prochaines années
En savoir plusLa Banque européenne d’investissement et l’Université du Luxembourg ont renouvelé leur accord de coopération portant sur la recherche académique, l’enseignement et le partage de ressources documentaires. La Convention d’accord a été signée par MM. Francisco de Paula Coelho, doyen de l’Institut BEI et Stéphane Pallage, recteur de l’Université du Luxembourg, au siège de la BEI en…
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Events
Bank Competition, Bank Runs and Opacity
En savoir plusAbstractWe examine the competition among and the opacity of bankssubject to rollover risk. Banks imperfectly compete for uninsureddeposits and choose the opacity of their risky investment. In astatic setup, higher bank competition increases the deposit rate,which increases withdrawal incentives due to strategiccomplementarity and thus raises bank fragility. In a dynamic setupwith entry, a theory of…
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Factor Models for Conditional Asset Pricing
En savoir plusAbstract:This paper develops a methodology for inference on no-arbitrage conditional asset pricing models linear in latent risk factors, valid when the number of assets diverges but the time series dimension is fixed, possibly very small. We show that the no-arbitrage condition permits to identify the risk premia as the expectation of the latent risk factors.…
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A Theory of Debt Accumulation and Deficit Cycles
En savoir plusAbstractThis paper introduces a tractable model of sovereign debt in which governments face intertemporal tradeoffs between (i) preferring more primary deficits to less and (ii) avoiding costly defaults. Governments run deficits when debt and, then, the marginal costs of increasing debt are low. After an extended period of debt accumulation, the probability of default increases,…
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Owning Expression and Propertizing Speech – Freedom of Expression v Copyright before the European Courts
En savoir plusThe right to freedom of expression is of paramount importance for a democratic society. When balanced with other fundamental rights, Article 10 of the European Convention of Human Rights affords Member States a wide margin of appreciation. This margin is traditionally exercised by the national legislatures