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Actif (comptabilité)

Publications associées (26)

Asset life, leverage, and debt maturity matching

Erwan Morellec

Capital ages and must eventually be replaced. We propose a theory of financing in which firms borrow to finance investment and deleverage as capital ages to have enough financial slack to finance replacement investments. To achieve these dynamics, firms is ...

Elsevier Science Sa2024

Asset purchases, limited asset markets participation and inequality

Stylianos Tsiaras

This paper analyses the effects of quantitative easing (QE) on households' income and consumption inequality in the Euro Area. Using a SVAR with high frequency identification, I show that an identified QE shock is redistributive and expansionary. To ration ...

ELSEVIER2023

Counterculture as a Financial Asset: The Commodification of LX Factory in Lisbon

Luca Giovanni Pattaroni, Mischa-Sébastien Piraud, Letícia Cabeçadas Do Carmo

In recent decades, European cultural policies have become inseparable from urban policies, with culture becoming both the new promotional tool for cities aiming to be ‘creative’ (Vanolo, 2008; Vivant, 2009) and the source of unprecedented real estate profi ...

2023

Asset Pricing and Monetary Policy

Nicolas Gauderon

Classical theory asserts that the formation of prices is the result of aggregated decisions of economics agent such as households or corporation. However central banks are very important agents that have often been neglected in asset pricing models. Centra ...

EPFL2022

Heterogeneity in decentralized asset markets

Julien Hugonnier

We study a canonical model of decentralized exchange for a durable good or asset, where agents are assumed to have time-varying, heterogeneous utility types. Whereas the existing literature has focused on the special case of two types, we allow agents' uti ...

ECONOMETRIC SOCIETY2022

Essays in Banking and Financial Regulation

Susanne Johanna Petronella Léonie Vissers

This thesis examines how banks choose their optimal capital structure and cash reserves in the presence of regulatory measures. The first chapter, titled Bank Capital Structure and Tail Risk, presents a bank capital structure model in which bank assets ...

EPFL2021

Frictional Intermediation in Over-the-Counter Markets

Julien Hugonnier

We extend Duffie et al.'s (2005) search-theoretic model of over-the-counter (OTC) asset markets, allowing for a decentralized inter-dealer market with arbitrary heterogeneity in dealers' valuations (or, equivalently, inventory costs). We develop a solution ...

OXFORD UNIV PRESS2020

Language Resources for Historical Newspapers: the Impresso Collection

Maud Ehrmann, Matteo Romanello, Raphaël Barman

Following decades of massive digitization, an unprecedented amount of historical document facsimiles can now be retrieved and accessed via cultural heritage online portals. If this represents a huge step forward in terms of preservation and accessibility, ...

European Language Resources Association2020

Ontology for Strategies and Predictive Maintenance models

Dimitrios Kyritsis, Gökan May, Sangje Cho, Marlène Hildebrand-Ehrhardt

As of today, to cope with traditional maintenance policies such as reactive and preventive maintenance, the manufacturing companies need the deployment of adaptive and responsive maintenance strategies. Meanwhile, the advent of Industry 4.0 leads the maint ...

ELSEVIER2020

Essays in Financial Economics

Julien Arsène Blatt

I started my PhD studies in August 2014 with a strong desire to push my own limits without knowing precisely the areas I wanted to cover in detail. To me, it was clear that I was interested by many different fields, however, I was particularly concerned wi ...

EPFL2019

An RF Wireless Power Transfer system to power battery-free devices for asset tracking

Catherine Dehollain, Roberto La Rosa

Internet of Things (IoT) and Wireless Sensor Networks (WSN) infrastructures are becoming more and more available and diffused. One major outcome is the development of new services that help to make everyday life easier and better. One of those to which thi ...

IEEE2019

EaRL: Toolbox for Earthquake Risk and Loss Assessment of Building Assets

Dimitrios Lignos, Ahmed Mohamed Ahmed Elkady, Seong-Hoon Hwang

Infrastructure (asset) risk management is essential for a resilient environment. Several industries are concerned to improve their building asset preparedness subject to seismic hazard. To this end, the development of software tools that quantify and asses ...

2018

Financial Stability and the Macroeconomy : the Role of Bank Liquidity Regulation and Deposit Insurance

Corinne Dubois

The financial crisis of 2007-2009 drew attention to the essential role of banks for the macroeconomy and to the importance of having a resilient financial sector. A vulnerability in the financial sector spills over to the real economy and can drive it into ...

EPFL2018

Nonmodel-based framework for rapid seismic risk and loss assessment of instrumented steel buildings

Dimitrios Lignos, Seong-Hoon Hwang

This paper proposes a nonmodel-based framework for estimating story-based engineering demand parameters (EDPs) in instrumented steel frame buildings with steel moment-resisting frames (MRFs). The proposed framework utilizes a wavelet-based damage-sensitive ...

Elsevier2018

Hedge or Rebalance: Optimal Risk Management with Transaction Costs

Semyon Malamud

We solve the problem of optimal risk management for an investor holding an illiquid, alpha-generating fund and hedging his/her position with a liquid futures contract. When the investor is subject to a lower bound on net return, he/she is forced to reduce ...

2018

Functional Engineering of Perovskite Nanosheets: Impact of Lead Substitution on Exfoliation in the Solid Solution RbCa2-xPbxNb3O10

Filip Mateusz Podjaski, Teresa Katharina Dennenwaldt

Tuning the chemical composition and structure for targeted functionality in two-dimensional (2D) nanosheets has become a major objective in the rapidly growing area of 2D materials. In the context of photocatalysis, both miniaturization and extending the l ...

Wiley-V C H Verlag Gmbh2017

A Practical Engineering Approach to Interpreting Measurement Data in Uncertain Contexts

Ian Smith, Sai Ganesh Sarvotham Pai

Measurement data interpretation has the potential to improve asset management through quantification of reserve capacity and execution of well-engineered interventions. Many recent proposals for data interpretation that include uncertainty are not appropri ...

ASCE2017

Towards Ontology-Based Modeling of Technical Documentation and Operation Data of the Engineering Asset

Dimitrios Kyritsis, Drazen Nadoveza, Andreas Koukias

Management of engineering assets within an organization is a crucial interdisciplinary approach that aims to optimize their performance and guarantee their overall effectiveness through efficient decision making. This task is always largely supported by of ...

Springer-Verlag Berlin2015

Ensuring Asset Optimization through Ontology-based Modelling of Technical Documentation

Andreas Koukias

The physical or engineering assets within modern industries have consistently been considered as the core elements of significant value that constitute the backbone for success and overall growth. Ensuring the optimal performance of an asset is a crucial a ...

EPFL2014

Semantic technologies for engineering asset life cycle management

Dimitrios Kyritsis

The use of semantic technologies and ontologies is becoming more and more popular in engineering applications and particularly in product modelling. Still, the use is limited in academia and applications are of a small scale. In this paper we present the r ...

Taylor & Francis2013