TY  - BOOK
AU  - Décamps,Jean-Paul
AU  -  Villeneuve,Stéphane
TI  - How Far Can Insurance Companies Invest in SMEs Debt Financing?
PY  - 2017///.
							
N1  - 36
N2  - 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. JEL Codes: G11, G14, G22, G28, L25
UR  - https://shs.cairn.info/journal-revue-d-economie-financiere-2017-2-page-231?lang=en
ER  -