Le LabEx ReFi est un laboratoire de recherche pluridisciplinaire dédié à l’évaluation des politiques de régulation. Il vise à (i) faire progresser la connaissance du fonctionnement des systèmes financiers et de leur régulation et à (ii) “conseiller” et “guider” en toute indépendance l’action des pouvoirs publics dans la mise en œuvre des politiques de régulation en apportant une expertise et une rigueur académique. Le LabEx ReFi a été constitué à l’initiative du Cnam, de l’Ena, de l’Université Paris I Panthéon Sorbonne et d’ESCP Europe (« porteur » du projet) dans le cadre du grand emprunt. En savoir plus ici
ÉVÉNEMENTS A VENIR
The Finance & Modeling Department and the Labex ReFi
are delighted to welcome on Wednesday 30 May 2018 at 5pm,
Maison des Sciences Economiques, 106-112, bd de l’Hôpital, 75013 Paris:
Abstract: The concept of systemic risk is well known in the financial world where it is connoted with risks, which are common to an entire financial market and not to any individual entity thereof; indeed, an event at the company level could trigger severe instability or collapse an entire industry or economy. Thus, a chain reaction crises affecting the whole market.
Systemic risk management must integrate risk assessments into a comprehensive problem-solving exercise that encompasses economic, financial and social impacts; indeed, the potential consequences are devastating from several point of views (e.g. social, financial and economic).
We propose Multi-criteria decision making (MCDM) methods for dealing with the systemic risk, e.g. for comparing several companies with respect to systemic risk taking into account financial and economic variables that provide information about different aspects: size, liquidity, solvency, profitability, debt, and for providing a prioritisation of the risks by analyzing several factors, such as probability and impact of the risks.
MCDM methods are designed to raise awareness of the trade-offs that must be made among conflicting factors such as objectives, criteria and alternatives, help compare alternatives that are dramatically different in their potential impacts or outcomes, and synthesize a wider variety of information.
In particular, the Pairwise Comparison Matrix (PCM) has gained popularity in MCDM; it allows a decision maker to compare two alternatives/criteria/objectives at a time, thus reducing the complexity of a decision-making problem, especially when the set of decision elements is large. Moreover, PCMs are deemed to be more precise than direct judgements.
Organized by Prof. Gunther Capelle-Blancard (Université Paris I Panthéon-Sorbonne, Labex ReFi) and Prof. Christophe Moussu (ESCP Europe, Labex ReFi).
Chendi Zhang
University of Warwick
(cv & bio)
tbc
Abstract
(Paper tba)
Friday 1 June 2018
Ronald Gilson
will present:
« Talent Discovery, Layoff Risk and Unemployment Insurance»
Thursday, June 7, 2018
Registration
A LA UNE
May 22-24, 2018, Paris
35th Annual Conference of the French Finance Association (AFFI)
in partnership with
and 
website conference here
Call for paper – AFFI Conference 2018 – Paris35th Annual Conference of the French Finance Association (AFFI) |
Call for Paper – International Conference on Public Authority and Finance
The End of Cash: a Challenge to Public Authority? New York, April 26 & 27, 2018 Location: School of International and Public Affairs (SIPA) Columbia University New York. in association with final Capstone Workshop Presentation. Laern more here |
Économie financière : leçons du passé, questions d’avenirConférence en l’honneur de Christian de Boissieu Le 21 septembre 2017 à l’Université Paris 1 Panthéon-Sorbonne Panthéon, appartement Décanal (le matin) & Péristyle de la Sorbonne (l’après-midi) Learn more here |
Conference with Benoît Cœuré |
International Conference on Public Authority and Finance
Paris, September 1 and 2, 2017 The Laboratory of Excellence on Financial Regulation is pleased to announce a call for papers for its International Conference on Public Authority and Finance, to be held in Paris on September 1 and 2, 2017. This conference is being organised by: Labex ReFI (Paris). It is partnered by the Centre on Corporate Governance, Columbia Law School (New York), the Blavatnik School of Government, University of Oxford, DIW (Berlin), Policy Network (London), and the Université Sorbonne Nouvelle – Paris 3 (CERVEPAs, Paris). Learn more here |
International Advisory Board WorkshopThis workshop is organized in conjunction with the International Advisory Board annual Meeting. Please find here the composition of the IAB.
Organized by Pr Gerard Hertig and Pr Christophe Moussu Learn more here |
PUBLICATIONS RECENTES
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Paper in a Peer Reviewed Journal Kahalé Nabil (ESCP Europe, Labex Refi) (2017)Superreplication of Financial Derivatives via Convex Programming. |
Paper in a Peer Reviewed Journal Oleg Chuprinin, Sérgio Gaspar (Labex Refi), Massimo Massa, (2017)Adjusting to the Information Environment: News Tangibility and Mutual Fund Performance. |
Paper in a Peer Reviewed Journal Capelle-Blancard G. (Labex Refi) & O. Havrylchyk (Labex Refi), 2017Incidence of bank levy and market power
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Paper in a Peer Reviewed Journal FOUQUAU, J. (Labex Refi), PORTES, R. and A. L. DELATTE (2017)Regime-Dependent Sovereign Risk Pricing during the Euro Crisis,
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Edited Book FINANCIAL REGULATION IN THE EUFrom Resilience to Growth Edited by
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Paper in a Peer Reviewed Journal Alexandre Garel (Labex Refi) and Arthur Petit-Romec (Labex Refi) (2017)Bank capital in the crisis: It’s not just how much you have but who provides itJournal of Banking & FinanceVolume 75, February 2017, Pages 152-166.
Laern more here |
LE LABEX REFI DANS LA PRESSE
France balks at reforms that will standardise banking rulesA one-size-fits-all approach to regulation will affect Europe more than the US Laern more here by Catherine Lubochinsky, professor of economics at Université Paris 2 Panthéon-Assas and Labex ReFi member
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Il faut faire une politique de relanceLearn more here by Christian de Boissieu, Président du conseil scientifique du LabEx ReFi |
La déferlante actuelle pourrait accroître la multibancarisationSelon la chercheuse Jézabel Couppey-Soubeyran, l’arrivée d’Orange et d’autres acteurs oblige les établissements historiques à modifier leur activité, dans la banque de détail notamment. Laern more here by Jézabel Couppey-Soubeyran, Maître de conférences en économie à Paris-I Panthéon-Sorbonne, Membre du LabEx ReFi Jézabel Couppey-Soubeyran est l’auteure de Blablabanque
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