French Banks Amid the Global Financial Crisis

This paper runs the gamut of qualitative and quantitative analyses to examine the performance of French banks during 2006-2008 and the financial support measures taken by the French government. French banks were not immune but proved relatively resilient to the global financial crisis reflecting the...

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Bibliographic Details
Main Author: Xiao, Yingbin
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2009
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a French Banks Amid the Global Financial Crisis  |c Yingbin Xiao 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2009 
300 |a 22 pages 
651 4 |a United States 
653 |a Depository Institutions 
653 |a Banks and banking, Foreign 
653 |a Institutional Investors 
653 |a Credit 
653 |a Commercial banks 
653 |a Stocks 
653 |a Pension Funds 
653 |a Banks 
653 |a Banks and banking 
653 |a Monetary economics 
653 |a Financial Instruments 
653 |a Monetary Policy, Central Banking, and the Supply of Money and Credit: General 
653 |a Micro Finance Institutions 
653 |a Mortgages 
653 |a Non-bank Financial Institutions 
653 |a Investments: Stocks 
653 |a Banks and Banking 
653 |a Credit default swap 
653 |a Banking 
653 |a Investment & securities 
653 |a Money and Monetary Policy 
653 |a Foreign banks 
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520 |a This paper runs the gamut of qualitative and quantitative analyses to examine the performance of French banks during 2006-2008 and the financial support measures taken by the French government. French banks were not immune but proved relatively resilient to the global financial crisis reflecting their business and supervision features. An event study of the impact of government measures on CDS, debt, and equity markets points to the reduction of credit risk and financing cost as well as the redistribution of resources. With the crisis still unfolding, uncertainties remain and challenges lie ahead, calling for continued vigilance and enhanced risk management