This issue of the Revue d’Économie Financière offers un analysis of the close relationship that exists between finance and taxation. It successively takes up three major aspects of this relation, beginning with the effects of taxation on the financial behavior of economic agents, on savings, and on financing and financial innovation. A second section centers on the debates after the financial crisis concerning the use of taxation to check risk-taking by the banking system, as well as the importance and role of fiscal paradises. Finally, the third section explores what adaptations fiscal systems must make in the face of the increased importance of economic agents and the digitization of business lines. In addition, it takes up the necessary collection of taxes in Africa.
This issue of the Revue d’Économie Financière offers an inventory of research on corporate governance and how it is evolving. Governance that responds to the demands of the various stakeholders in the company is replacing little by little governance centered on shareholder value. This issue takes up the purpose of governance and regulations, an analysis of shareholders and the various categories of shareholders, and the role and importance of governance mechanisms. A section is also devoted to the specificities of governance in the banking sector.
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.