Investisseurs à long terme, régulation financière et croissance soutenable

Michel Aglietta and Sandra Rigot

Revue d'économie financière, 2012, vol. N° 108, issue 4, 189-200

Abstract: To resolve the euro zone crisis, a growth model mobilizing a European-wide generic innovation is needed. Environment conservation and adaptation to climate change nurture such principle if the European Community agrees upon a social value of carbon enabling the creation of carbon assets. Then potentially profitable investments must be financed. However investors are impeded by risk aversion, regulations and accounting standards. To overcome the dilemma, we show that regulations and standards must be adjusted so that investors get incentives to buy long-term assets. We also point out that a financial intermediation involving the central bank and a Green Fund may help diversification of investors in financing carbon assets. Classification JEL: M41, O14, O16.

JEL-codes: M41 O14 O16 (search for similar items in EconPapers)
Date: 2012
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.cairn.info/load_pdf.php?ID_ARTICLE=ECOFI_108_0189 (application/pdf)
http://www.cairn.info/revue-d-economie-financiere-2012-4-page-189.htm (text/html)
free

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cai:refaef:ecofi_108_0189

Access Statistics for this article

More articles in Revue d'économie financière from Association d'économie financière
Bibliographic data for series maintained by Jean-Baptiste de Vathaire ().