TITLE

SORTIE DE CRISE OU CRISE DE LA SORTIE ? IMPACTS DE CE CONTEXTE SUR LES MODELES D'AFFAIRES DE LA SPHERE FINANCIERE

AUTHOR(S)
Roux, Michel
PUB. DATE
December 2011
SOURCE
VSE - Vie & Sciences Economiques / La revue de l'Economie et de ;Dec2011, Issue 189, p62
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The Western and emerging economies face a crisis of suspicion. In 2008, the transfer of a financial crash in recession has been prevented by the partial substitution of a too risky private debt by public debt. Three years later, this is the origin of the new crisis and the state became the problem! A new earthquake has been there and it challenges our benchmarks and our paradigms both macroeconomic and microeconomic. At the macroeconomic level, the balance of world savings has shifted in favor of emerging as their requirements in terms of representation in international bodies. At the microeconomic level, the business models of the financial firms is being challenged and refocusing on core business becomes often a factor in sustainability of their activities! These observations lead us to focus on the areas of banking and insurance in its broadest sense and to wonder about the relevance of these questions facing a paradigm shift.
ACCESSION #
73813388

 

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