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Présentation de l'éditeur : "Cet ouvrage propose une première approche, aussi complète que possible, des notions d'instruments de crédit et de paiement. Toutes les formes de l'activité commerciale sont concernées par ces deux notions. Les instruments de crédit permettent aux entreprises d'obtenir des disponibilités immédiates par le biais des créances à terme qu'elles détiennent. Les instruments de paiement évitent la manipulation d'espèces monétaires. L'auteur s'est attaché à présenter de manière synthétique ces différents instruments qui oscillent entre tradition et modernité. À côté des effets de commerce dont l'importance pratique perdure, il a été amené à étudier de nouveaux instruments reposant sur des techniques plus modernes, dont l'importance ne cesse de croître. L'ouvrage est également à jour des modifications apportées au droit du compte; il tient compte de la réforme du droit des contrats, de la preuve et du régime des obligations. Stéphane Piédelièvre est professeur à l'Université Paris 12"

Effets de commerce --- Banques --- Banking law --- Negotiable instruments --- Droit --- Manuels d'enseignement supérieur. --- Handbooks, manuals, etc.

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Commercial law --- Negotiable instruments --- Credit --- Debtor and creditor --- Droit commercial --- Effets de commerce --- Crédit --- Débiteur et créancier --- Law and legislation --- Droit --- Communauté économique et monétaire de l'Afrique centrale.

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We estimate the latent factors that underlie the dynamics of the sovereign bond yield curve in Morocco during 2004–14 based on the Dynamic Nelson-Siegel model. On this basis, we explore the interaction between macroeconomic variables and the yield curve, which is of direct relevance to macroeconomic policy-making. In Morocco’s context, we find that tighter monetary policy increases short-end maturities, and that the impact is small and short-lived. Economic activity is also briefly but significantly impacted, suggesting that even under a pegged exchange rate, monetary policy autonomy and effectiveness can be increased through greater central bank independence. Fiscal improvements significantly lower yield levels. Policy conclusions are that improvement in the fiscal and monetary policy frameworks, as well as greater financial sector development and inclusion, could benefit Morocco and strengthen the transmission mechanisms and effectiveness of macroeconomic policies.

Fiscal policy --- Bonds --- Monetary policy --- Monetary management --- Economic policy --- Currency boards --- Money supply --- Bond issues --- Debentures --- Negotiable instruments --- Securities --- Debts, Public --- Stocks --- Tax policy --- Taxation --- Finance, Public --- Government policy --- Banking --- Banks and Banking --- Central bank policy rate --- Central Banks and Their Policies --- Deflation --- Diffusion Processes --- Dynamic Quantile Regressions --- Dynamic Treatment Effect Models --- Econometric analysis --- Econometrics & economic statistics --- Econometrics --- Finance --- Financial Markets and the Macroeconomy --- Financial services --- Inflation targeting --- Inflation --- Interest rates --- Interest Rates: Determination, Term Structure, and Effects --- Macroeconomics --- Monetary economics --- Monetary Policy --- Money and Monetary Policy --- Price Level --- Prices --- Time-Series Models --- Vector autoregression --- Yield curve --- Morocco

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"As global markets toppled during the 2008 financial crisis, the Canadian market for non-bank asset-backed commercial paper (ABCP) seemed on the verge of collapsing. Fueled by a top rating from DBRS, ABCP had found its way into the portfolios of some of Canada's most sophisticated investors as well as vulnerable retail investors who didn't know what they were holding. The failure of the $32 billion market could have tipped Canadian and foreign credit default swap markets into chaos if it weren't for the swift actions of a few powerful asset holders. Collectively, through the Montreal Accord and led by veteran Canadian lawyer Purdy Crawford, they managed to hold the Canadian ABCP market back from the brink of collapse by crafting a complex and innovative solution. Back from the Brink goes behind the scenes of the ABCP crisis to examine how a solution was reached and lessons learned that could prevent or mitigate future crises. The authors also examine the imaginative use of the Companies' Creditors Arrangement Act and describe the roles played by the banks, the major investors, rating agencies, and the financial regulators in the crisis's origins and conclusions. Back from the Brink holds important lessons for anyone interested in Canadian law, the future of complex investments, and Canada's capital markets."--

Asset-backed financing --- Banks and banking --- Negotiable instruments --- Capital market --- Investments --- Financial crises --- Global Financial Crisis, 2008-2009. --- Asset-backed securities --- Asset-based financing --- Asset securitization --- Securitization, Asset --- Corporations --- Covered bonds --- Bills and notes --- Bills of credit --- Commercial paper --- Credit, Bills of --- Credit, Titles of --- Instruments, Negotiable --- Negotiable notes --- Negotiable paper --- Titles of credit --- Choses in action --- Commercial documents --- Commercial law --- Legal instruments --- Drafts --- Financial instruments --- Capital markets --- Market, Capital --- Finance --- Financial institutions --- Loans --- Money market --- Securities --- Crowding out (Economics) --- Efficient market theory --- Crashes, Financial --- Crises, Financial --- Financial crashes --- Financial panics --- Panics (Finance) --- Stock exchange crashes --- Stock market panics --- Crises --- Global Economic Crisis, 2008-2009 --- Subprime Mortgage Crisis, 2008-2009 --- Law and legislation --- Global Financial Crisis, 2008-2009 --- Global Financial Crisis (2008-2009) --- E-books --- 2008-2009 --- Canada. --- Canada (Province) --- Canadae --- Ceanada --- Chanada --- Chanadey --- Dominio del Canad --- Dominion of Canada --- Jianada --- Kʻaenada --- Kanada --- Ḳanadah --- Kanadaja --- Kanadas --- Ḳanade --- Kanado --- Kanak --- Province of Canada --- Republica de Canad --- Yn Chanadey --- Dominio del Canadá --- Kaineḍā --- Kanakā --- Republica de Canadá