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Economic and financial debates

Working papers calling for a reflection on issues related to the economics of banking and insurance, and their regulation

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Publication Economic and financial debates no. 41:
Public-Guaranteed Loans, Bank Risk-Taking and Regulatory Capital Windfall

We study the effect of public-guaranteed loans (PGLs) on bank risk-taking during the Covid-19 pandemic in France. The presence of guarantee schemes may foster riskier lending, pushing banks to lend to riskier borrowers or worsening incentives to...

  • Published on 06/13/2023
  • FR
  • PDF (2.28 MB)
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Publication Economic and financial debates no. 40:
Bank Market Power and Interest Rate Setting: Why Consolidated Banking Data Matter

The literature on the effects of bank market power on access to credit has produced many results that are sometimes contradictory. Yet, all of these studies are based on unconsolidated data that ignore the national market power of banking groups. This...

  • Published on 01/18/2023
  • FR
  • PDF (1.6 MB)
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