DefaultRisk.com the web's biggest credit risk modeling resource. |  |
|
|
| French Banks Amid the Global Financial Crisis by Yingbin Xiao of the International Monetary Fund September 4, 2009 Abstract: 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. JEL Classification: G01, G12, G15, G21, G28. Keywords: French banks, financial crisis, recapitalization, debt guarantee, government support, refinancing. Books Referenced in this Paper: (what is this?)
Download paper (1,058K PDF) 23 pages Related reading: The Turner Review: A regulatory response to the global banking crisis
 |
|
Please contact me with problems or suggestions. |
