France: Financial Sector Assessment Program—Technical Notes—Stress Testing Methodology and Results; Integration into Global Financial Markets; and Public Intervention in Financial Markets—Obstacles to Monetary Transmission
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Summary:
These Technical Notes on France explain integration of global financial markets. The stress tests for the France Financial Sector Assessment Program (FSAP) were designed to yield as comprehensive and detailed a picture as possible within the constraints of the approach. Retail activity by foreign banks in France is small, but significant. The financial landscape in France remains characterized by a large number of idiosyncrasies that affect monetary transmission. Macroeconometric models point to a smaller reaction to monetary policy in France than in other large euro-area economies.
Series:
Country Report No. 2005/185
Subject:
Banking Central bank policy rate Consumption Financial institutions Financial markets Financial sector policy and analysis Financial services Insurance Insurance companies Stock markets Stress testing
English
Publication Date:
June 8, 2005
ISBN/ISSN:
9781451813630/1934-7685
Stock No:
1FRAEA2005001
Pages:
121
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