Thibaut Gentil Author 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 The allocation of monetary policy income within the Eurosystem Banque de France Bulletin Monetary policy +1 Eurosystem 19th of January 2026 Projecting Banks’ Net Interest Income: an Asset-Liability Approach, Applied to the Euro Area Working paper Banks 13th of December 2023 Central bank asset purchase programmes: how is money created and then destroyed? Banque de France Bulletin Financial stability +1 Financial system 13th of October 2023