Essec\Faculty\Model\Contribution {#2216
  #_index: "academ_contributions"
  #_id: "3655"
  #_source: array:26 [
    "id" => "3655"
    "slug" => "financial-markets-a-tool-for-transferring-and-managing-risk"
    "yearMonth" => "2012-04"
    "year" => "2012"
    "title" => "Financial Markets: A Tool for Transferring and Managing Risk?"
    "description" => "BARONI, M. (2012). Financial Markets: A Tool for Transferring and Managing Risk? Dans: <i>Free Markets and the Culture of Common Good</i>. 1st ed. Springer, pp. 153-164."
    "authors" => array:1 [
      0 => array:3 [
        "name" => "BARONI Michel"
        "bid" => "B00000023"
        "slug" => "baroni-michel"
      ]
    ]
    "ouvrage" => "Free Markets and the Culture of Common Good"
    "keywords" => array:3 [
      0 => "Évaluation du risque"
      1 => "Innovation financière"
      2 => "Marchés de produits dérivés"
    ]
    "updatedAt" => "2021-09-06 14:06:32"
    "publicationUrl" => null
    "publicationInfo" => array:3 [
      "pages" => "153-164"
      "volume" => null
      "number" => null
    ]
    "type" => array:2 [
      "fr" => "Chapitres"
      "en" => "Book chapters"
    ]
    "support_type" => array:2 [
      "fr" => "Editeur"
      "en" => "Publisher"
    ]
    "countries" => array:2 [
      "fr" => null
      "en" => null
    ]
    "abstract" => array:2 [
      "fr" => """
        La crise financière récente a montré que l'économie mondiale est exposée à un grand nombre de risques. Si les marchés d'actions et les marchés immobiliers capturent la création de richesse, les marchés dérivés rendent possibles l'évaluation des risques et leurs transferts entre les agents économiques. Couverture et spéculation sont les motivations principales des acteurs qui achètent et vendent les nombreux produits échangés sur ces marchés.\n
        En citant abondamment les publications de Robert Shiller, ce chapitre vise à montrer que ces marchés, organisés ou non, peuvent fournir de nouveaux moyens de gérer la plupart des risques auxquels tant les entreprises que les individus font face. Cependant les énormes transferts de risque survenant sur ces marchés peuvent aussi favoriser la  spéculation et conduire à de nouveaux risques systémiques, comme les marchés de dérivés de crédit ont pu le révéler dans ces dernières années. Ce chapitre cherche à considérer comment les marchés financiers peuvent mieux servir les individus, les investisseurs et les fonds d'investissement dans le contexte propre de la situation économique d'aujourd'hui.
        """
      "en" => "The last financial crisis showed that the world economy is globally exposed to all kinds of risks. When equity and real estate markets capture the creation of global wealth, derivatives markets make it possible to value and transfer risk. Hedging and speculation are the main motivations of the participants who buy and sell the numerous products traded in these markets. Following Robert Shiller’s writings, this chapter aims to show that these markets, whether organized or not, may provide new ways to manage most of the risks both firms and individuals are facing. However, at the same time, huge risk transfers may foster speculation and lead to new systemic risks, as revealed by the credit derivatives market in recent years. This paper considers how the financial markets can better serve people (individuals, long investors, funds) in the context of the current economic situation."
    ]
    "authors_fields" => array:2 [
      "fr" => "Finance"
      "en" => "Finance"
    ]
    "indexedAt" => "2024-12-22T05:21:57.000Z"
    "docTitle" => "Financial Markets: A Tool for Transferring and Managing Risk?"
    "docSurtitle" => "Book chapters"
    "authorNames" => "<a href="/cv/baroni-michel">BARONI Michel</a>"
    "docDescription" => "<span class="document-property-authors">BARONI Michel</span><br><span class="document-property-authors_fields">Finance</span> | <span class="document-property-year">2012</span>"
    "keywordList" => "<a href="#">Évaluation du risque</a>, <a href="#">Innovation financière</a>, <a href="#">Marchés de produits dérivés</a>"
    "docPreview" => "<b>Financial Markets: A Tool for Transferring and Managing Risk?</b><br><span>2012-04 | Book chapters </span>"
    "docType" => "research"
    "publicationLink" => "<a href="#" target="_blank">Financial Markets: A Tool for Transferring and Managing Risk?</a>"
  ]
  +lang: "en"
  +"_type": "_doc"
  +"_score": 8.706424
  +"parent": null
}