Le Point Sur... Les Options Parisiennes et leurs Applications (An Update On... Parisian Options and Their Applications)

Banque et Marchés, N° 82, p. 81-90, 2006

20 Pages Posted: 13 Feb 2017

See all articles by Carole Bernard

Carole Bernard

Grenoble Ecole de Management; Vrije Universiteit Brussel (VUB)

Olivier Le Courtois

EM Lyon (Ecole de Management de Lyon) - Department of Economics, Finance, Control

Date Written: 2006

Abstract

French Abstract: Ce « point sur… » propose un tour d’horizon sur une classe d’options relativement peu connues mais aux applications très prometteuses : les options parisiennes. Après une description de ces produits, nous en détaillons les emplois dans les cadres de l’assurance des dépôts bancaires, de la théorie des options réelles, et enfin de la théorie structurelle du défaut. Le lecteur notera que ces exemples d’applications sont illustratifs, mais non exhaustifs.

English Abstract: This survey paper written in French is dedicated to some options that are not extremely well-known, but that bring along very promising applications: Parisian options. We start by describing these products; then, we detail their use in the contexts of bank deposit insurance, the theory of real options, and finally the structural theory of default. The reader will consider these examples to be illustrative, though not exhaustive.

Note: Downloadable document is in French.

Suggested Citation

Bernard, Carole and Le Courtois, Olivier Arnaud, Le Point Sur... Les Options Parisiennes et leurs Applications (An Update On... Parisian Options and Their Applications) (2006). Banque et Marchés, N° 82, p. 81-90, 2006 . Available at SSRN: https://ssrn.com/abstract=2912822

Carole Bernard

Grenoble Ecole de Management ( email )

12, rue Pierre Sémard
Grenoble Cedex, 38003
France

Vrije Universiteit Brussel (VUB) ( email )

Pleinlaan 2
http://www.vub.ac.be/
Brussels, 1050
Belgium

Olivier Arnaud Le Courtois (Contact Author)

EM Lyon (Ecole de Management de Lyon) - Department of Economics, Finance, Control ( email )

23, av. Guy de Collongue
69134 Ecully Cedex
France

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