Jusqu'où les compagnies d'assurance peuvent-elles investir dans le financement des dettes des PME/ETI ?

Jean-Paul Décamps and Stéphane Villeneuve

Revue d'économie financière, 2017, vol. N° 126, issue 2, 231-240

Abstract: Under the combined effects of a decline in rates and the political desire to help finance the economy within a regulatory environment that is restrictive for banks, since 2012 the law has authorized insurance companies, under certain conditions, to allocate up to 5% of their clients? savings to the private loan market and in this way to help finance small and mid-size companies. After describing the features of the financing mechanism with non-bank loans, the goal of this article is to use economic theory to propose a debate on the advantages and disadvantages of such a mechanism. Classification JEL : G11, G14, G22, G28, L25.

JEL-codes: G11 G14 G22 G28 L25 (search for similar items in EconPapers)
Date: 2017
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