Publications des institutions partenaires

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Training moral sensitivity through video games: a review of suitable game mechanisms

The goal of this study is to support game designers in the selection and implementation of game mechanisms to promote players’ moral sensitivity. A lack of moral sensitivity may lead people to behave unethically, without awareness for their actions’ moral implications. In this study, we conduct a theory-based evaluation of 20 distinct game mechanisms in view of their potential to...

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English / 20/07/2018

The bank lending channel: a time-varying approach

Using a cross-country panel of 925 banks from 19 advanced economies, for the period 1981-2016, I examine how the bank lending channel of monetary policy has evolved over time. I find that the sensitivity of lending to bank balance sheet liquidity declines over time, with nearly all the reduction occurring between the early 1990s and the early 2000s. Contrary to normal times, during...

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Français, English / 11/06/2018

The evolution of the EU law against criminal finance: the "hardening" of FATF standards within the EU

This article examines the recent evolution of the EU anti-money-laundering (AML) and counter-terrorist financing (CTF) legislative framework, focusing on the relationship between the main international standards in the field and the newest EU legislation. It suggests that international soft law norms—in particular, the Financial Action Task Force (FATF) Recommendations—have had a...

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/ 11/06/2018

Basil Guggenheim, Mario Meichle and Thomas Nellen: Confederation debt management since 1970

This paper presents new data vintages on marketable debt emissions and total outstanding debt. The data are used to analyze the Swiss Confederation’s issuing behavior and debt management. Issuing behavior became more regular and demand-oriented during the early 1990s. The Treasury actively manages roll-over risk by increasing bond maturity with increasing marketable debt to GDP...

Institution partenaire

Banque nationale suisse

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English / 05/06/2018

Foreign currency bank funding and global factors

The literature on drivers of capital flows stresses the prominent role of global financial factors. Recent empirical work, however, highlights how this role varies across countries and time, and this heterogeneity is not well understood. We revisit this question by focusing on financial intermediaries' funding flows in different currencies. A portfolio model shows that the sign and...

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Français, English / 29/05/2018

Lucas Marc Fuhrer, Basil Guggenheim and Matthias Jüttner: What do Swiss franc Libor futures really tell us?

This paper sheds light on Swiss franc Libor futures, which are often used to measure interest rate expectations. We show that the differences between Libor futures and realized rates (excess returns) are, on average, positive over the last 25 years. Using interest rate surveys, we decompose excess returns into a (forward) term premium and forecast errors. The decomposition reveals...

Institution partenaire

Banque nationale suisse

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English / 28/05/2018

On the properties of high-order non-monetary measures for risks

This paper investigates how welfare losses for facing high-order risk increases change when the risk environment of the decision maker is altered. To that aim, we define the nth-order utility premium as a measure of pain associated with facing the passage of one risk to a more severe one and we examine some of its properties. Changes in risk are expressed through the concept of...

Institution partenaire

Haute Ecole de Gestion de Genève

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English / 28/05/2018

A semi-Lagrangian splitting method for the numerical simulation of sediment transport with free surface flows

We present a numerical model for the simulation of 3D poly-dispersed sediment transport in a Newtonian flow with free surfaces. The physical model is based on a mixture model for multiphase flows. The Navier–Stokes equations are coupled with the transport and deposition of the particle concentrations, and a volume-of-fluid approach to track the free surface between water and air. The...

Institution partenaire

Haute Ecole de Gestion de Genève

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English / 28/05/2018

A least-squares/relaxation method for the numerical solution of the three-dimensional elliptic Monge–Ampère equation

In this article, we address the numerical solution of the Dirichlet problem for the three-dimensional elliptic Monge–Ampère equation using a least-squares/relaxation approach. The relaxation algorithm allows the decoupling of the differential operators from the nonlinearities. Dedicated numerical solvers are derived for the efficient solution of the local optimization problems with...

Institution partenaire

Haute Ecole de Gestion de Genève

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English / 28/05/2018

Ontological model of competence management

Dans cet article, nous proposons une nouvelle approche concernant le modèle ontologique de la compétence basé sur la roue de Deming afin de faciliter la communication et la compréhension de l'information qui assure une bonne gestion des ressources au sein de l'entreprise. Nous choisissons l'ontologie car elle permet de définir et de gérer les compétences et les...

Institution partenaire

Haute Ecole de Gestion de Genève

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/ 28/05/2018

Does public debt crowd out corporate investment?: international evidence

Using data for advanced and emerging economies, we show that there is a negative correlation between public debt and corporate investment. Industry-level regressions show that high levels of government debt are particularly damaging for industries that need more external financial resources. Firm-level regressions show that government debt increases the sensitivity of corporate...

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Français, English / 24/05/2018

Barthélémy Bonadio, Andreas M. Fischer and Philip Sauré: The speed of exchange rate pass-through

On January 15, 2015, the Swiss National Bank discontinued its minimum exchange rate policy of one euro against 1.2 Swiss francs. This policy shift resulted in a sharp, unanticipated and permanent appreciation of the Swiss franc by more than 11% against the euro. We analyze the pass-through of this unusually clean exchange rate shock into import unit values at the daily frequency...

Institution partenaire

Banque nationale suisse

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English / 18/05/2018

Accelerators: an assessment of acceleration models

Accelerators assist early-stage ventures by offering networking opportunities, access to funding and training. We map business accelerators in five categories: Independent Accelerators (IA), Corporate Accelerators (CA), Hybrid Accelerators (HA), University Accelerators (UA), and Government Accelerators (GA). We argue that accelerators can be described by two main acceleration models...

Institution partenaire

Haute Ecole de Gestion de Genève

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/ 07/05/2018

The role of angel investor identity in entrepreneurship

Grounded on social identity theory, we explore the identities and actions of 41 angel investors who invest in early-stage companies in the field of ICT. Our study reveals the existence of four pure types of angel investor identities and suggests how these identities shape their investment behavior and consequent exchange of resources with investees. We summarize our results in a...

Institution partenaire

Haute Ecole de Gestion de Genève

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/ 07/05/2018

Digital feedback: : a multimodal approach to feedback for learning

Digital tools provide educators with a platform to deliver feedback in a multi-modal manner, which can be particularly useful for qualitative student work. This paper explores how delivering student feedback with a multimodal digital approach through screen casting is a way to enhance formative assessment for learning. The purpose of this work is to briefly survey the literature on...

Institution partenaire

Haute Ecole de Gestion de Genève

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/ 07/05/2018

Simone Auer, Christian Friedrich, Maja Ganarin, Teodora Paligorova and Pascal Towbin: International Monetary Policy Transmission through Banks in Small Open Economies

This paper studies the international transmission of monetary policy through banks in small open economies using the examples of Switzerland and Canada. We assess the inward transmission of foreign monetary policy for Switzerland and the outward transmission of domestic monetary policy for Canada. In both country cases, we focus on the international bank lending and the international...

Institution partenaire

Banque nationale suisse

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English / 04/05/2018

Thomas Lustenberger and Enzo Rossi: Does Central Bank Transparency and Communication Affect Financial and Macroeconomic Forecasts?

In a large sample of countries across different geographic regions and over a long period of time, we find limited country- and variable-specific effects of central bank transparency on forecast accuracy and their dispersion among a large set of professional forecasts of financial and macroeconomic variables. More communication even increases forecast errors and dispersion.

Institution partenaire

Banque nationale suisse

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English / 03/05/2018

Program understanding using ontologies and dynamic analysis

No maintenance activity can be performed without understanding at least the part of the program that needs to b emodified. Therefore, considering its cost, helping developers to understand programs is a must. Consequently, our research aims at building a business related model of the program semantics, which is grounded in Perkinsfi research in psychology. After a short reminder of...

Institution partenaire

Haute Ecole de Gestion de Genève

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/ 30/04/2018

Is taxing waste a waste of time?: evidence from a Supreme Court decision

Environmental taxes are often underexploited. This paper analyses the effectiveness of a garbage tax, assessing its effects on multiple outcomes as well as its acceptability. We study how a Supreme Court decision, mandating the Swiss Canton of Vaud to implement a tax on garbage, affects garbage production and beliefs about the tax. We adopt a difference-in-differences approach...

Institution partenaire

Haute Ecole de Gestion de Genève

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English / 30/04/2018

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