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Article : Revues - Articles
Most tax systems create a tax bias toward debt finance. Such debt bias increases firm leverage and may negatively affect financial stability. This paper presents novel evidence on debt bias in the “non- traditional”financial sector—i.e., investm[...]
Thèses
Florian Léon | Clermont-Ferrand : Centre d'études et de recherches sur le développement international (Cerdi) | 2014EN: This thesis is concerned with the role of interbank competition in Africa. During the past decade, African banking systems have witnessed profound changes in their structure with some implications on the level of competition. Although the tr[...]
Working Paper
Florian Léon, Auteur | Clermont-Ferrand : Fondation pour les études et recherches sur le développement international (Ferdi) | Document de travail / Working Paper | 2024-07-08Blended finance is central to development finance, catalyzing private capital alongside public resources to address global challenges in developing countries. Despite its growing importance, empirical evidence on its ability to lev[...]
texte imprimé
This paper contributes to the literature by looking at the possible importance of the structure of the financial system—whether financial intermediation is performed through banks or markets—for macroeconomic volatility, against t[...]
