Chloé Zapha

About me

I am a researcher in the Microeconomic Analysis division at the Banque de France, with expertise in law and economics, corporate finance, and banking.

Before joining the Banque de France, I was a research fellow at France Stratégie. I earned my PhD in economics from the LEDa (Laboratoire d’Économie de Dauphine – Université PSL) in 2023, under the supervision of Anne Epaulard, as part of a CIFRE contract with the Banque de France. My thesis offers an economic analysis of bankruptcy laws in France, focusing in particular on preventive procedures, the rebound of firms after restructuring and the efficiency of (small) commercial courts in deciding whether to save or liquidate distressed firms.

Research Interests

• Applied microeconomics
• Corporate finance, banking
• Law and Economics, with a focus on corporate bankruptcy

Publications

Working Papers

Work in progress

• The Collection of Business Information at the Banque de France: History and User Guide of the FIBEN database with Frédéric Vinas
• Floods and firms: the impact of floods on firms’ financial performance in France with Nicoletta Berardi and Paul Vertier

Other

Short articles

• State-guaranteed loans: how do firms choose to repay?, with Mathias Lé and Frédéric Vinas, Oct. 2024, Eco Notepad 369, Banque de France
• Out-of-court proceedings to help companies exit the crisis, with David Fouet, Dec. 2021, Eco Notepad 234, Banque de France
• Speed un restructuring proceedings in response to Covid-19? Dec. 2020, Eco Notepad 192, Banque de France
• Distressed firms: how effective are preventive procedures ? with Anne Epaulard Fev. 2020, English article, France Stratégie