Sébastien Ray Auteur Publications The circulation of liquidity in the euro area: interpreting central banks’ TARGET positions Banque de France Bulletin Central bank +1 Eurosystem 19th of March 2026 Projecting the Interests of a Dynamic Debt Portfolio: a Financial Model Working paper Rates and prices +1 Debt 3rd of February 2026 Debt structure and rising interest rates: focus on European companies Eco Notepad Debt +1 Rates and prices 29th of March 2024 Projecting Banks’ Net Interest Income: an Asset-Liability Approach, Applied to the Euro Area Working paper Banks 13th of December 2023 Rise in interest rates: European companies will not be affected at the same pace Banque de France Bulletin Credit +1 Financing 2nd of December 2022
