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