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Essais sur le crédit, les banques et l'équilibre macroéconomique

Abstract : This thesis investigates short-term fluctuations on the credit market and their implications for the central bank. Three important determinants of these fluctuations are considered: capital inflows, banking regulation and the monetary policy.
The first chapter focuses on China. Capital inflows in China were particularly strong in 2003 and 2004 and have led to a rapid accumulation of international reserves. The first chapter examines how the central bank proceeded to manage the upsurge in international reserves and to keep domestic credit under control.
The second and the third chapter focus on loan loss provisions. In the second chapter, a partial equilibrium model of a representative banking firm is developed. This model and simulations show how various provisioning rules affect credit market fluctuations. In the third chapter, an empirical approach is developed in order to evaluate if provisioning practices of European banks affect credit market fluctuations.
The fourth chapter investigates the effects of the monetary policy on the loan rate. A new Keynesian model is developed. This model allows to estimate rigidities on the loan rate, to analyze their determinants and to evaluate their role in the monetary policy transmission.
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Submitted on : Wednesday, January 30, 2008 - 2:30:41 PM
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  • HAL Id : tel-00226331, version 1



Vincent Bouvatier. Essais sur le crédit, les banques et l'équilibre macroéconomique. Economies et finances. Université Panthéon-Sorbonne - Paris I, 2007. Français. ⟨tel-00226331⟩



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