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Le rôle des banques centrales dans la prévention de la formation des bulles

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Balan, Alexandra ULiège
Promotor(s) : Muller, Aline ULiège
Date of defense : 5-Sep-2018/11-Sep-2018 • Permalink : http://hdl.handle.net/2268.2/5761
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Title : Le rôle des banques centrales dans la prévention de la formation des bulles
Author : Balan, Alexandra ULiège
Date of defense  : 5-Sep-2018/11-Sep-2018
Advisor(s) : Muller, Aline ULiège
Committee's member(s) : Artige, Lionel ULiège
Lejeune, Thomas ULiège
Language : French
Discipline(s) : Business & economic sciences > Macroeconomics & monetary economics
Institution(s) : Université de Liège, Liège, Belgique
Degree: Master en sciences de gestion, à finalité spécialisée en Banking and Asset Management
Faculty: Master thesis of the HEC-Ecole de gestion de l'Université de Liège

Abstract

[en] Those last years have been shaken by many financial crisis and more specifically by some financial bubbles. Those have touched domains like financial assets and real estate prices.
But what is a bubble? Can we foreseen and prevent them? Have Central Banks the power to do so? What are the competencies of a Central Bank?
Some literature suggest that Central Banks act as a guardian of the markets, trying to prevent abnormal price increases and indirectly financial bubbles. Others state they actually provoke bubbles by too long-term low interest rates.
This paper tries to bring an answer to those questions and provide concrete examples of policies taken by the Central Banks and their results.


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Access LE RÔLE DES BANQUES CENTRALES DANS LA PRÉVENTION DE LA FORMATION DES BULLES.pdf
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Format: Adobe PDF

Author

  • Balan, Alexandra ULiège Université de Liège > Master sc. gest., à fin.

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  • Total number of views 43
  • Total number of downloads 18










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