What Do the Financial Savings of French Households Finance?
This paper gives a breakdown of the financial assets of French households based on their end use in the economy. Some of these financial assets directly finances businesses, whilst others are invested through financial intermediaries to be used to finance the economy (loans, shares, bonds). For each €10 in financial assets, €4 is allocated to equities in businesses, €3 to bonds and €2 to loans gra... Lire la suite