Export Credit Agencies as industrial policy
An assessment of public export finance as an instrument of industrial policy, focusing on Germany: its justification as a remedy for a financing market failure, and its strategic importance for an economy increasingly exposed to a state-backed China that both rivals German exporters and dominates their critical supply chains.
An assessment of public export finance as a lever for competitiveness, focusing on France: its justification as a remedy for a financing market failure, and the case for scaling up an underused, self-financing tool to the level of France's most active European peers.
In the press
Adrien Matray, "Les agences de crédit à l'exportation, un levier efficace pour renforcer la compétitivité", L'Express, 20 October 2026 (in French).
Video summary (2 minutes): "Adrien Matray : le crédit à l'exportation, un atout sous-estimé par la France", Institut de l'Entreprise with L'Express.