Régulation Bancaire Et Résilience Du Système Financier International
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Cette oeuvre se propose d'examiner l'impact de la régulation sur la prise de risques par les banques. Il apparaît que l'activité bancaire est intrinsèquement sujette à des risques, du fait de l'imperfection de l'information mais aussi des mutations qu'a connu le cadre macroéconomique. Ces dernières ont favorisé d'une part la libéralisation financière pour les pays en développement, et d'autre part les innovations financières pour les pays développés. Elle administre à cet effet, deux applications théoriques. La première s'appuyant sur le modèle de Zhang et al (2008), établit une corrélation négative entre le ratio de fonds propres et la propension des banques à prendre des risques. Plus le niveau du ratio est élevé et moins les banques s'engagent dans les activités à risques. La deuxième application, basée sur le modèle de Blum (2007), nous a permis de montrer qu'un ratio de solvabilité peut inciter à la prise de risques. Ainsi, au-delà de l'imposition d'un capital réglementaire, l'introduction d'un ratio de levier dans le dispositif macro-prudentiel s'avère ètre une nécessité.
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