GDF - centre d’expertise en gestion financière internationale

We aim to contribute significantly to the development of knowledge in the field of international financial risk management by producing both academic and applied research.

In particular, the research team works on:

  • Risk and crash (extreme) risk
  • Optimal hedge ratios
  • Foreign exchange as an asset class 
  • The long-term equilibrium value of currencies
  • The impact of regulations on risk management

The outputs from our research are aimed at students, professionals and researchers.

Academic Research

Applied Research

Collaboration with the French association of corporate treasurers (AFTE)

  • December 2013. Technical paper : How French corporations hedge the foreign exchange risk? Between June 2011 and February 2012 we met 52 Group Treasurers. Final results.
  • November 2012, Further investigations on risk management. Between June 2011 and February 2012 we met 52 Group Treasurers. Preliminary results.
  • November 2011, Risk management survey (140 questions – more than 200 respondents but in French only)
  • November 2010, initial restitution of the survey on risk management (in French). Presented at the annual meeting of the French association of corporate treasurers (AFTE) in Paris.

Annual Conference GEM-AFTE-DFCG - Grenoble Ecole de Management

  • September 2013, Pwc and CIC on cyber Fraud
  • September 2012, main speaker: Xavier Langlois d'Estaintot - Group Treasurer - Alcatel-Lucent
  • September 2011, main speaker : Olivier Bornecque, AFTE president, on SEPA
  • June 2010 main speaker : Philippe Dupuy, foreign exchange risk management

Miscellaneous