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
IMF Staff Country Reports, June 8, 2005
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- 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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Bibliographic details
- Published: June 8, 2005
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451813630.002
Stress testing methodology and results
- 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."
- Emphasis on detailed, comprehensive coverage subject to methodological constraints inherent to the FSAP stress-testing approach.
Integration into global financial markets
- These Technical Notes explain integration of global financial markets as it relates to France.
- Retail activity by foreign banks in France is described as "small, but significant."
Public intervention in financial markets and obstacles to monetary transmission
- 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.
Key findings and subject coverage
- Subjects listed: Banking, Central bank policy rate, Consumption, Financial institutions, Financial markets, Financial sector policy and analysis, Financial services, Insurance, Insurance companies, Stock markets, Stress testing.
- Keywords provided: bank; bank lending; bank subsidiary; Central bank policy rate; CR; credit rate; Europe; French; Global; Insurance; Insurance companies; ISCR; market commentator; market volatility; policy rate; rate; Stock markets; Stress testing; yield.