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Les crédits aux entreprises à taux particulièrement bas en France

Author

Listed:
  • AVOUYI-DOVI, S.
  • LECAT, R.
  • O’DONNELL, C.
  • BUREAU, B.
  • VILLETELLE, J.-P.

Abstract

Les taux des crédits bancaires aux entreprises ont fortement baissé depuis la crise, notamment sous l’effet des mesures de politique monétaire, mais ils sont également plus dispersés, témoignant d’une plus forte discrimination de la part des banques. Les taux particulièrement bas représentent une part significative des nouveaux crédits, et ils sont accordés principalement à des entreprises saines.

Suggested Citation

  • Avouyi-Dovi, S. & Lecat, R. & O’Donnell, C. & Bureau, B. & Villetelle, J.-P., 2016. "Les crédits aux entreprises à taux particulièrement bas en France," Bulletin de la Banque de France, Banque de France, issue 203, pages 5-18.
    • Handle: RePEc:bfr:bullbf:2016:203:01
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    References listed on IDEAS

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    1. Joe Peek & Eric S. Rosengren, 2005. "Unnatural Selection: Perverse Incentives and the Misallocation of Credit in Japan," American Economic Review, American Economic Association, vol. 95(4), pages 1144-1166, September.
    2. Schirmer, L., 2014. "Le système de cotation de la Banque de France, un outil au service de l’économie," Bulletin de la Banque de France, Banque de France, issue 196, pages 53-62.
    3. repec:bfr:bullbf:2013:196:04 is not listed on IDEAS
    4. Kremp, Elizabeth & Sevestre, Patrick, 2013. "Did the crisis induce credit rationing for French SMEs?," Journal of Banking & Finance, Elsevier, vol. 37(10), pages 3757-3772.
    5. Takeo Hoshi, 2006. "Economics Of The Living Dead," The Japanese Economic Review, Japanese Economic Association, vol. 57(1), pages 30-49, March.
    6. Pessoa, João Paulo & Van Reenen, John, 2013. "The UK productivity and jobs puzzle: does the answer lie in labour market flexibility?," LSE Research Online Documents on Economics 58010, London School of Economics and Political Science, LSE Library.
    7. Chai, F. & Nguyen, D B., 2011. "Le coût du crédit aux entreprises selon leur catégorie," Bulletin de la Banque de France, Banque de France, issue 185, pages 31-45.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. V. Grossmann-Wirth & M. Vari, 2016. "Exiting low interest rates in a situation of excess liquidity: the experience of the Fed," Quarterly selection of articles - Bulletin de la Banque de France, Banque de France, issue 43, pages 5-14, Autumn.
    2. Gilbert Cette & Simon Corde & Rémy Lecat, 2017. "Stagnation of productivity in France: A legacy of the crisis or a structural slowdown?," Economie et Statistique / Economics and Statistics, Institut National de la Statistique et des Etudes Economiques (INSEE), issue 494-495-4, pages 11-36.
    3. C. Guette-Khiter, 2016. "Non-resident holdings of French CAC 40 companies at end-2015," Quarterly selection of articles - Bulletin de la Banque de France, Banque de France, issue 43, pages 35-46, Autumn.
    4. Charlotte Emlinger & Sébastien Jean & Vincent Vicard, 2019. "The Surprising Sluggishness of French Exports: Reviewing Competitiveness and its Determinants," EconPol Policy Reports 14, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    5. J. Morenas & B. Rudelle, 2016. "Money and its counterparts in France and in the euro area," Quarterly selection of articles - Bulletin de la Banque de France, Banque de France, issue 43, pages 25-34, Autumn.
    6. A. Berthou, 2016. "Current account adjustments and productivity dynamics in Europe during the crisis," Quarterly selection of articles - Bulletin de la Banque de France, Banque de France, issue 43, pages 59-70, Autumn.
    7. V. Bignon & F. Boissay & C. Cahn & L.-M. Harpedanne de Belleville, 2016. "Extended eligibility of credit claims for Eurosystem refinancing Consequences for the supply of credit to companies," Quarterly selection of articles - Bulletin de la Banque de France, Banque de France, issue 43, pages 15-23, Autumn.
    8. R. Cezar, 2016. "France’s trade integration measured in value added," Quarterly selection of articles - Bulletin de la Banque de France, Banque de France, issue 43, pages 47-58, Autumn.

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    More about this item

    Keywords

    crédits aux sociétés non financières; taux des crédits bancaires; cotation Banque de France; zombie lending;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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