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Do highly indebted large corporations pose a systemic risk?
[Les grandes entreprises très endettées : un risque systémique ?]

Author

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  • Cyril Couaillier
  • Dorian Henricot
  • Julien Idier

Abstract

At the end of 2018, “at-risk” firms in France were estimated to have total gross debts of EUR 187 billion. A 100 basis-point rise in their cost of financing could push this amount up by 60%, potentially posing a risk to the financial system. This result supports the measures taken by the High Council for Financial Stability (HCSF) as of 2018 to strengthen the resilience of the banking system. On estime à 187 Mds€ la dette brute des entreprises dites « à risque » fin 2018 en France. Une hausse de 100 points de base de leurs coûts de financement pourrait entrainer une augmentation de ce montant de 60%, susceptible de fragiliser le système financier. Ce résultat conforte les mesures prises par le Haut Conseil de stabilité financière (HCSF) dès 2018 pour assurer la résilience du système bancaire.

Suggested Citation

  • Cyril Couaillier & Dorian Henricot & Julien Idier, 2020. "Do highly indebted large corporations pose a systemic risk? [Les grandes entreprises très endettées : un risque systémique ?]," Eco Notepad (in progress) 147, Banque de France.
    • Handle: RePEc:bfr:econot:147
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