International Conference CERALE – UNIANDES 2018, May 30 – June 1, Cartagena de Indias, Colombia. New schedule: February 7, 2018 !

CERALE (Centre d’Etudes et de Recherche Amérique latine Europe) – ESCP Europe and Universidad de los Andes  will be organizing an International Conference the 30th of May -1st of June 2018 in Cartagena de Indias, Colombia, on the following issue:

Innovation, Entrepreneurship and Sustainable Development

Rethinking the European-American relationship in a disrupted world

12 Tracks / Sessions:

1. Challenges in social and economic inclusion during peace periods
2. Public policies, innovation and sustainable development
3. Dynamics of internationalisation in contrasting environments
4. Administration of cultural projects and organisations
5. Sustainable strategies in a disruptive world
6. Innovation, entrepreneurship and SMEs
7. Corporate social responsibility, similarities and contrasts between Europe and America
8. Management of/in global value chains
9. Agri-business
10. The female management and leadership
11. Marketing and sustainability: Co-creation of value
12. Case study workshop

* Abstracts to be sent: 7 February 2018 

See more (EN, FR, ES) : http://cerale2018.uniandes.edu.co

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FR_CERALE_Appel a contributions 5

Internationalisation de la PME et développement régional, regards croisés France-Colombie

Dans le cadre de l’ “Année France-Colombie”, CERALE et la Universidad de los Andes ont organisé le 6 octobre 2017, en collaboration avec la CCI Paris Ile de France et Lexplana Avocats, un séminaire  sur
Le rôle de l´internationalisation de la PME dans le développement régional et dans la croissance. 
Analyses croisées et dynamique des affaires France – Colombie
Ce séminaire a bénéficié du soutien de l’Institut des Amériques, de SINDUP, de BARNIER SARL et de PROCOLOMBIA.
Pour accéder à la table ronde de clôture en version complète cf.
En el marco del “Año Colombia-Francia”, CERALE y la Universidad de los Andes organizaron el 6 de octubre de 2017, junto con la CCI Paris Ile de France y Lexplana Avocats, un seminario sobre
El papel de la internacionalización de la PyME en el desarrollo regional y en el crecimiento. 
Análisis cruzados y dinámicas de negocios Francia – Colombia
Dicho seminario contó con el apoyo del Institut des Amériques, de SINDUP, de BARNIER SARL et de PROCOLOMBIA.
Para acceder a la versión completa de la mesa redonda ver

ESCP Europe Alumni meeting at INSPER, São Paulo

As every year since 2001, ​CERALE organized, ​in the framework of ​the EMBA Global Leadership Seminar in Brazil, ​a pannel session with managers and Alumni operating in Brazil​.
The meeting took place on Monday evening October 16 at INSPER about
“Digital Economy in Brazil: some perceptions and experiences from European entrepreneurs “
and counted with presentations from :
  • Frédéric DONIER, Managing Partner CRESCENDO and Ambassador FrenchFounders Brazil : “Leading business and digital transformation in Brazil: opportunities and challenges”
  • Eloi DECHERY, CEO & Founder ZARPO
  • Xavier LECLERC​, co-organizator of  RioFuturo Conference
 

Séminaire CERALE à Paris le 6 octobre “PME Internationalisation et Développement régional – France-Colombie”

Dans le cadre de l’ “Année France-Colombie”, CERALE a le plaisir de vous inviter le vendredi 6 octobre à 14h (accueil à partir de 13h30), ESCP Europe Campus République, au séminaire qu’il organise avec la Universidad de los Andes, la CCI Paris Ile de France et Lexplana Avocats  sur
Le rôle de l´internationalisation de la PME dans le développement régional et dans la croissance. 
Analyses croisées et dynamique des affaires France – Colombie
Ce séminaire bénéficie du soutien de l’Institut des Amériques, de SINDUP, de BARNIER SARL et de de PROCOLOMBIA.
 
Programme : voir ci-joint
Langue de travail: français
Lieu : 79 avenue de la République, métro Saint-Maur, ligne 3, Amphi Gélis
 
En el marco del “Año Colombia-Francia”, CERALE tiene el gusto de invitarlo el viernes 6 de octubre a las 14h (acogida a partir de las 13h30), en ESCP Europe campus République, al seminario que organiza con la Universidad de los Andes, la CCI Paris Ile de France y Lexplana Avocats sobre 
El papel de la internacionalización de la PyME en el desarrollo regional y en el crecimiento. 
Análisis cruzados y dinámicas de negocios Francia – Colombia
Este seminario cuenta con el apoyo del Institut des Amériques, de SINDUP, de BARNIER SARL et de PROCOLOMBIA.
Programa: ver documento adjunto
Lugar: 79 avenue de la République, metro Saint-Maur, línea 3, Amphi Gélis

Prof. Michael Troege at Universidad de Chile – 22 sept. 2017

Title:
Cheap Talk and Strategic Rounding in LIBOR Submissions  (with Angel Hernando-Veciana)

Abstract
This paper constructs a model of directed search in the interbanking market and tests its empirical implications with data from the LIBOR benchmark setting process. Interbanking rates were until recently based on judgmental estimates of borrowing costs published by a panel of banks. We interpret this as a cheap talk game that allowed banks to communicate nonveriable information about their borrowing costs to potential counterparties. Under normal market conditions there is a welfare maximizing equilibrium where banks truthfully disclose their borrowing cost even if misstating costs is not penalized, but, in times of nancial stress, only \coarse” equilibria survive, in which submissions are partially revealing of the bank’s true borrowing rate. We take this prediction
to the data and show that, indeed, the precision of the panel banks’ individual estimates is chosen strategically. Banks round more frequently if the perceived riskiness of the bank increases. Rounding is also more frequent for the more liquid short term rates and for certain benchmark maturities. We discuss the implications of our results for the design of benchmark setting mechanisms and the ongoing LIBOR lawsuits

 

Michael Troege
Professor
Department Chair | Finance

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