IMF Working Papers

French Banks Amid the Global Financial Crisis

By Yingbin Xiao

September 1, 2009

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Yingbin Xiao. French Banks Amid the Global Financial Crisis, (USA: International Monetary Fund, 2009) accessed September 19, 2024
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.

Subject: Banking, Commercial banks, Credit default swap, Foreign banks, Stocks

Keywords: Bank assets, Credit risk, French bank, State capital injection, WP

Publication Details

  • Pages:

    22

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Working Paper No. 2009/201

  • Stock No:

    WPIEA2009201

  • ISBN:

    9781451873481

  • ISSN:

    1018-5941