France : Selected Issues Paper

Publication Date: July 27, 2011
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Summary: This note estimates potential output for France during 1980–2010, using three distinct approaches, and discusses long-term growth prospects. The focus on capital taxation highlights the need for a broader reform of the French tax system to address the features that hamper job growth, investment, and productivity growth. This paper analyzes the impact of Basel III capital requirements on French banks and the French economy, and proposes policy recommendations. French banks should be able to meet the new requirements through earnings retention.
Series: Country Report No. 11/212
Subject(s): Bank supervision | Banking sector | Basel Core Principles | Economic growth | Productivity | Selected issues | Tax reforms | Tax revenues

Publication Date: July 27, 2011
ISBN/ISSN: 9781462338528/1934-7685 Format: Paper
Stock No: 1FRAEA2011002 Pages: 60
US$18.00 (Academic Rate:
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