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Journal articles (1997), Revue Economique, pp. 853-868

Assurance et couverture de portefeuille, volatilité des prix et stabilité des marchés financiers

Following the 1987 financial crash, portfolio insurance and the use of derivatives have been considered to be related to financial market instabilities. The aim of this article is to present the hypotheses and conclusions of three recently published theoretical models dealing with the influence of portfolio insurance on market stability.

CHARLETY-LEPERS, P. and PORTAIT, R. (1997). Assurance et couverture de portefeuille, volatilité des prix et stabilité des marchés financiers. Revue Economique, pp. 853-868.