Benoît Nguyen

Senior Expert Research Economist, Monetary and Financial Analysis Directorate

Benoit is a senior expert research economist in the Monetary and Financial Analysis Directorate. He joined the Banque de France in 2009, and worked previously in the Banque de France’s Market Operations Division and in the ECB’s Monetary Policy Strategy Division. His research interests are monetary policy implementation, macro-finance and portfolio theory. His current work focuses on non-standard monetary policies and the transmission of quantitative easing.

Current Position

Senior Expert Research Economist, Monetary and Financial Analysis Directorate

Previous Position

  • Economist, DG-E, Monetary Policy Strategy Division at the European Central Bank
  • Economist, Monetary Policy Research Division, Banque de France
  • Market operations expert, FX trading desk, Banque de France
  • Market Analyst, Market Operations Division, Banque de France

Diplomas

  • PhD in Economics, Paris 1 Pantheon-Sorbonne University
  • MRes Economics and Finance, Bordeaux 4 University
  • Masters degree in Economics and Political Science, Sciences Po Bordeau

Research interest

Monetary policy implementation, macro-finance, portfolio theory

Contact

  • benoit.nguyen@banque-france.fr
  • +33 (0)1 42 92 94 62
  • Banque de France, 41-1391 DEMFI RECFIN, 39 rue Croix des Petits Champs, 75049 Paris Cedex 01, France

Academic publications

Publications

Deposit Funding and the Credit Channel of Monetary Policy
Working paper
Credit
31st of December 2025
Interest rates in decentralised finance
Eco Notepad
Rates and prices
9th of April 2024
26th of December 2023
10th of May 2023
Stablecoins and the Financing of the Real Economy
Working paper
Innovation
14th of February 2023
How well have ECB rate hikes been transmitted to the money market?
Eco Notepad
Monetary policy
25th of November 2022
How did the Eurosystem’s collateral strategy adapt to the Covid-19 crisis?
Banque de France Bulletin
Monetary policy
12th of July 2022
10th of December 2021
Climate reporting by investors and energy transition
Eco Notepad
Green finance, sustainable development, climate transition
13th of September 2021
28th of August 2018
13th of June 2017
10th of February 2017