Access Statistics for Delphine Lahet

Author contact details at EconPapers.

Working Paper File Downloads Abstract Views
Last month 3 months 12 months Total Last month 3 months 12 months Total
Bank ownership of multilateral trading facilities and implications for historical exchanges: An industrial economics approach 0 0 0 0 0 0 0 7
Banks' shareholding in multilateral trading facilities: A two-sided market perspective 0 0 0 12 0 0 0 30
Bâle 3: Quels impacts sur le financement des pays émergents ? 1 2 2 14 2 4 5 59
Exchange rate movements in emerging economies - Global vs regional factors in Asia 0 0 0 11 0 0 2 9
Foreign Banks and the Stability of Foreign and Domestic Credit in CEECs 0 0 0 15 0 0 2 80
Foreign banks and the stability of foreign and domestic credit in CEECs 0 0 0 20 0 0 1 79
LA PRÉSENCE DE BANQUES ÉTRANGÈRES EN EUROPE DE L'EST: QUELS RISQUES FINANCIERS ? 0 0 0 14 0 1 1 65
LES BANQUES ÉTRANGÈRES EN ASIE DU SUD-EST: LE RÔLE DES LOCAL CLAIMS 0 0 0 16 0 0 0 89
La directive européenne sur les contrats de crédit à la consommation: Quelles avancées pour les consommateurs français et européens ? 0 0 0 16 1 1 1 82
Local-currency debt and currency internationalization dynamics: A nonlinear framework 0 0 1 4 0 0 5 11
THE DEPENDENCE OF CEECs ON FOREIGN BANK CLAIMS: DIRECT AND INDIRECT RISKS OF CAPITAL WITHDRAWAL 0 0 0 15 0 1 1 89
The aim of this paper is to account for the observation that banks are both owners and clients of Multilateral Trading Facilities (MTFs) which were created in Europe after the implementation of the Markets in Financial Instruments Directive (MiFID). Using a duopoly model of two-sided markets, we show that banks' participation in MTFs crucially affects their objective function shape, pricing policy and profit. We show that when brokerage and trading activities are particularly important for banks' revenue compared to their profit as MTF operators, some market outcomes may emerge, whereby both MTFs include banks' interest as clients in their objective function. In these situations, although they earn negative profit as shareholders, banks benefit from lower fees as MTF's clients. This finally results in larger global revenue. This may explain why banks are at the origin of the creation of MTFs and why they maintain their stake despite negative profit 0 0 0 12 1 1 3 350
Total Working Papers 1 2 3 149 4 8 21 950


Journal Article File Downloads Abstract Views
Last month 3 months 12 months Total Last month 3 months 12 months Total
Bank ownership of multilateral trading facilities and implications for historical exchanges: An industrial economics approach 0 0 0 8 0 0 1 55
Banks' shareholding in multilateral trading facilities: A two-sided market perspective 0 0 0 12 0 0 0 35
Banques étrangères et stabilité du financement bancaire extérieur dans les peco 0 0 0 13 0 0 0 70
Basel II and its Implications for Foreign Banks Financing Emerging Countries 0 0 0 37 0 0 0 131
Capital requirement and financial crisis: The case of Japan and the 1997 Asian crisis 0 0 0 124 0 0 1 387
Cross-border banking claims on emerging countries: The Basel III Banking Reforms in a push and pull framework 0 0 4 90 0 0 8 214
Determinants of capital inflows into Asia: The relevance of contagion effects as push factors 0 0 1 98 0 0 5 258
Efficience et pouvoir de marché des banques en Thaïlande suite aux crises financières 0 0 0 8 1 1 2 32
Exchange rate movements in emerging economies - Global vs regional factors in Asia 0 0 1 22 0 3 6 81
Internationalisation of emerging market currencies and original sin: Empirical evidence 0 0 0 11 0 0 1 26
Introduction 0 0 0 3 0 1 2 27
L'occurrence d'une crise financière dans un modèle de troisième génération 0 0 0 38 1 2 3 142
La directive européenne sur les contrats de crédit aux consommateurs: quelles opportunités pour les consommateurs européens et les opérations transfrontières ? 0 0 0 5 0 0 3 33
La propagation des crises financieres dans les pays emergents: la contagion est-elle discriminante ? 0 0 0 168 0 0 3 690
La présence de banques étrangères en Europe de l’Est quels risques financiers ? 0 0 0 4 0 1 1 51
Le degré d’internationalisation du Renminbi. Un bilan d’étape fondé sur une revue de la littérature 0 0 0 7 0 0 0 28
Le repositionnement des pays émergents: de la crise financière asiatique de 1997 à la crise de 2008 0 0 0 2 2 3 4 86
Les Accords de Bâle II: quelles conséquences pour le financement bancaire extérieur des pays émergents ? 0 0 1 51 0 0 3 335
Les déterminants des entrées de capitaux en Asie: quel rôle pour les stratégies de carry trade? 1 1 1 5 1 2 2 79
Total Journal Articles 1 1 8 706 5 13 45 2,760


Statistics updated 2025-03-03