Le rôle des banques centrales dans la prévention de la formation des bulles
Balan, Alexandra
Promotor(s) :
Muller, Aline
Date of defense : 5-Sep-2018/11-Sep-2018 • Permalink : http://hdl.handle.net/2268.2/5761
Details
Title : | Le rôle des banques centrales dans la prévention de la formation des bulles |
Author : | Balan, Alexandra ![]() |
Date of defense : | 5-Sep-2018/11-Sep-2018 |
Advisor(s) : | Muller, Aline ![]() |
Committee's member(s) : | Artige, Lionel ![]() Lejeune, Thomas ![]() |
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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