Théo Nicolas
Senior economist and researcher at the Research and Risk Analysis Directorate (ACPR)
Current Position
Senior economist and researcher at the Research and Risk Analysis Directorate (ACPR)
Previous Position
Research Economist in the Banque de France Statistics Directorate
Diplomas
- PhD in Economics, Paris School of Economics (2018)
- MSc in Monetary Economics (Magistere), University of Paris I Panthéon-Sorbonne (2013)
- BSc in Econometrics, University of Paris I Panthéon-Sorbonne (2011)
Research Interest
Banking, financial regulation, corporate finance, applied econometrics.
Contact
- theo.nicolas@acpr.banque-france.fr
- +33 (0)1 42 44 72 87
- ACPR, 066-2770 DEAR, 4 Place de Budapest, 75009 Paris.
Banque de France Publications
- « Public-Guaranteed Loans, Bank Risk-Taking and Regulatory Capital Windfall »(with Stefano Ungaro and Éric Vansteenberghe), Débats économiques et financiers n°41, June 2023.
- « Bank Market Power and Interest Rate Setting: Why Consolidated Banking Data Matter », Débats économiques et financiers n°40, January 2023.
- « Relationship Lending and SMEs’ Funding Costs Over the Cycle: Why Diversification of Borrowing Matter » (with Mikael Beatriz and Jerome Coffinet,) Banque de France Working Paper No.705, December 2018.
- « How Do Short-term Financial Constraints Affect SMEs’ Long-Term Investment: Evidence from the Working Capital Channel », Banque de France Working Paper No.731, October 2019.
- « The Financial Health of SMEs: an Essential Determinant of Their Access to Credit» (with Gerardin Mathilde), Le Bulletin de la Banque de France n°233, January 2021.
- « Tracking the Economy During the Covid-19 Pandemic: the Contribution of High-Frequency Indicators» (with Jérôme Coffinet, Delbos Jean-Brieux, Kaiser Vojtech, Lestrade Ariane, Mouliom Michel, Bricongne Jean-Charles, Etienne Kintzler and Jean-Noël Kien), Le Bulletin de la Banque de France n°231, September 2020.
Academic publications
- « Relationship lending and SMEs’ funding costs over the cycle: Why diversification of borrowing matters » (avec Mikael Béatriz et Jérôme Coffinet), Journal of Banking and Finance, 2018.
- « Short-term Financial Constraints and SMEs’ Investment Decision: Evidence from the Working Capital Channel », Small Business Economics, 2021.
- Bank Market Power and Interest Rate Setting: Why Consolidated Banking Data Matter, European Journal of Finance, 2023.
- La relation bancaire: un atout pour le financement des petites et moyennes entreprises en situation de crise (avec Jérôme Coffinet), Revue d'Economie Financière, 2023.
- La concentration du secteur bancaire européen : un problème dont la mesure reste à prendre (avec Jézabel Couppey-Soubeyran), Revue d'Economie Financière, 2021.