La financiarisation de la dette des collectivités locales comme solution à la pénurie financière: genèse de l’Agence France Locale

Edoardo Ferlazzo

Revue française de socio-Economie, 2021, vol. n° 27, issue 2, 73-99

Abstract: This article looks at the genesis of Agence France Locale, the first French local government funding agency, which is financed exclusively through bond markets in order to supply credit. The original idea of this agency, as well as its effective realization, is based on the financial arbitrage of a state seeking to substitute a public resource with a private one in order to finance local public action and to respect its own budgetary constraints.

Keywords: local authorities; Agence France Locale; financialization; state financial shortage; funding agency (search for similar items in EconPapers)
Date: 2021
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