French Banks Amid the Global Financial Crisis

Author/Editor:

Yingbin Xiao

Publication Date:

September 1, 2009

Electronic Access:

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

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.

Series:

Working Paper No. 09/201

Subject:

English

Publication Date:

September 1, 2009

ISBN/ISSN:

9781451873481/1018-5941

Stock No:

WPIEA2009201

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

22

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