L'innovation financière à la périphérie et les pays en développement (P.E.D.) : contours, enjeux et impact du phénomène

Abstract : The aim of this doctorate thesis is double: the first one is to apply the financial innovation theory to less developed countries (ldcs), and to precise its nature, its shape and the process of appearance and diffusion. After giving a definition of "the financial innovation at the periphery", we analyse the two components of the phenomenon: debt relief schemes and innovation against risk. The second aim is to evaluate utility of these financial innovations for ldcs. A theorical analysis is developed for the different debt relief experiences (buybacks, debt swaps, brady plan...) this analysis is followed by two empirical studies, whose object is to precise the impact of the experiences on several macro-economic indicators, and on a credibility indicator (the access to international bond market). innovation again risk is studied via the different forms of guarantees associated to new financing to ldcs, and via derivative instruments which could be used be used by ldcs. after giving a critical synthesis, we develop an application based on Congo, and propose a strategy of fiscal receipts stabilization
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Theses
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http://docnum.univ-lorraine.fr/prive/BUD_T_1995_0021_ORY.pdf
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https://hal.univ-lorraine.fr/tel-01777023
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Submitted on : Tuesday, April 24, 2018 - 4:09:39 PM
Last modification on : Wednesday, April 25, 2018 - 1:32:27 AM

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Jean-Noël Ory. L'innovation financière à la périphérie et les pays en développement (P.E.D.) : contours, enjeux et impact du phénomène. Economies et finances. Université Nancy 2, 1995. Français. ⟨NNT : 1995NAN20021⟩. ⟨tel-01777023⟩

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