This issue of the Review of Financial Economics examines the interaction between finance and law. There are many examples of this, concerning aspects that are as different as the competition between major judicial systems within a globalized economy, the influence of the legal framework on how markets, issuers, and investors function, and the use of the law to favor the stability of the financial system. These points are taken up one after another in this issue and present a summary of the studies underway on this subject.
This issue of the Review of Financial Economy studies the nature of the relationship between finance and inequalities. Inequalities did indeed strongly increase after the financial crisis due to the steep rise in unemployment and to how prices of assets that make up individual wealth have evolved. The articles in this issue supply both an analytical basis for the relationship between finance and inequalities and empirical evaluations of the effects of the financial sector and its players on the increase in inequalities.
This issue of the Review of Financial Economy examines the nature of the link between finance and growth concerning the lessons to be drawn from the crisis and the relative instability of this relationship. In particular, the various articles seek to fill the gaps that remain in our understanding of the role of finance and its complex interaction with the real economy and, for the most part, aim to attempt to reconcile the two analytical frameworks that deal with the long-term and short-term effects of finance on growth.
This issue offers readers a very comprehensive review of the shifts taking place in the insurance industry on a world scale. It begins by presenting the situation of insurance in the main geographic zones, and then takes up the changes currently underway, particularly the emergence of new risks, as well as the answers that the various players can provide.
To celebrate the sixtieth anniversary of the Treaty of Rome and the twenty-fifth anniversary of the Maastricht Treaty, the Revue d’économie financière draws a balance sheet on what has been done on the financial level, offers accounts written by major protagonists, and questions the future and what reforms are necessary at a time when European finance will be turned topsy-turvy by Brexit.
Latin American economies are clearly more resilient than in the 1980s because of democratization, more pragmatic economic policies, and ambitious economic reforms. Some countries, however, have not been part of this fundamental trend: Cuba and Venezuela and, to a lesser extent, Equator and Bolivia...