1.

Record Nr.

UNINA9910973827703321

Autore

Xiao Yingbin

Titolo

French Banks Amid the Global Financial Crisis / / Yingbin Xiao

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2009

ISBN

9786612844089

9781462307333

1462307337

9781452781341

1452781346

9781451873481

1451873484

9781282844087

1282844083

Edizione

[1st ed.]

Descrizione fisica

22 p. : ill

Collana

IMF Working Papers

Disciplina

940.53;940.531813

Soggetti

Banks and banking - France

Global Financial Crisis, 2008-2009

Banking

Banks and Banking

Banks and banking

Banks and banking, Foreign

Banks

Commercial banks

Credit default swap

Credit

Depository Institutions

Financial Instruments

Foreign banks

Institutional Investors

Investment & securities

Investments: Stocks

Micro Finance Institutions

Monetary economics

Monetary Policy, Central Banking, and the Supply of Money and Credit: General

Money and Monetary Policy

Mortgages

Non-bank Financial Institutions



Pension Funds

Stocks

United States

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

"September 2009."

Nota di contenuto

Intro -- Contents -- I. Introduction -- II. Banking and Supervisory Structure -- III. International Comparative Analyses -- A. Profitability -- B. Asset quality -- C. Capital adequacy -- D. Leverage -- E. Quality of capital -- F. Funding -- IV. Analyses of Business and Exposures -- V. An Event Study of the French Banking Sector Support -- VI. Conclusions -- References -- Figures -- 1. Profitability -- 2. Asset Quality -- 3. Capital Adequacy -- 4. Leverage -- 5. Capital Quality -- 6. Funding -- 7. Liquidity -- 8. Business Lines -- 9. Foreign Exposure -- 10. Emerging Market Exposure -- 11. Writedowns, Losses, and Capital Raised -- 12. CDS Spreads -- 13. Impact on Debt -- 14. Impact on Equity -- 15. Share of Capital Injections into Debt.

Sommario/riassunto

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.