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Performance of the French insurance sector in 2012.

Bernard R.; Koubi E.; La Motte L.; Rose M.; Mercier L. - Banque de France - 2013

gains resulting in improved solvency ratios across the board. Excluding unrealised capital gains, the improvement in the … solvency position was more modest. In life insurance, the top 12 companies have been quite resilient to the negative effects of …. The solvency position of the top 12 life insurance companies was boosted by the sharp increase in unrealised capital gains …

Persistent link: https://www.econbiz.de/10010929730

Bilateral Exposures and Systemic Solvency Risk.

Gourieroux, C.; Heam, J.C.; Monfort, A. - Banque de France - 2012

By introducing a structure of the balance sheets of the banks, which takes into account their bilateral exposures in terms of stocks or lendings, we get a structural model for default analysis. This model allows distinguishing the exogenous and endogenous default dependence. We prove the...

Persistent link: https://www.econbiz.de/10010815986

De la crise financière à la crise économique

2010

Persistent link: https://www.econbiz.de/10003979521

La crise de la dette souveraine

2012

Persistent link: https://www.econbiz.de/10009559850

Financing SMEs in Europe

Balling, Morten (ed.); Bernet, Beat (ed.); Gnan, Ernest (ed.) - Conference on "Financing SMEs in Europe" <2008, Paris>; … - 2009

Small and medium-sized enterprises are a centrepiece of Europe's economy. Due to their limited size and their generally lower creditworthiness, their access to financial market instruments is more limited than for large enterprises, which benefit from more elaborate Treasury operations,...

Persistent link: https://www.econbiz.de/10011705468

Euro Area monetary policy shocks: impact on financial asset prices during the crisis?

Jardet, C.; Monks, A. - Banque de France - 2014

We use high-frequency intraday interest rate data to measure euro area monetary policy shocks on the days of ECB interest rate announcements between 2002 and 2013. In line with Gürkaynak et al. (2005), we look at monetary policy shocks along two time dimensions: one related to the current level...

Persistent link: https://www.econbiz.de/10010938544

Macroprudential framework:key questions applied to the French case.

Bennani, T.; Després, M.; Dujardin, M.; Duprey, T.; … - Banque de France - 2014

This paper presents the main features of macroprudential policy with a focus on the French case. We first recall the ultimate objective of this policy, which is to prevent and to mitigate systemic risk, i.e. the risk of “widespread disruptions to the provision of financial services that have...

Persistent link: https://www.econbiz.de/10010815921

Assessing the losses in euro area potential productivity due to the financial crisis.

Chouard, V.; Fuentes Castro, D.; Irac, D.; Lemoine, M. - Banque de France - 2013

In this paper, we show that the recent financial crisis has significantly affected the potential total factor productivity (TFP) of the four largest euro area economies, as well as that of the rest of the euro area. We used a reduced-form equation of TFP, based on an approach recently developed...

Persistent link: https://www.econbiz.de/10010815948

French firms exports during downturns: evidence from past crises.

Bellas, D.; Vicard, V. - Banque de France - 2013

This paper makes use of detailed French firm level data on a quarterly basis to investigate the impact of past crises on exports and the margins of adjustment. We first detect crises periods using quantitative criteria and classify them into banking crises, currency crises, simultaneous banking...

Persistent link: https://www.econbiz.de/10010726925

Firms and the global crisis: French exports in the turmoil.

Bricongne, J-C.; Fontagné, L.; Gaulier, G.; Taglioni, D.; … - Banque de France - 2009

The unprecedented drop in international trade during the last quarter of 2008 and the first quarter of 2009 has mostly been analysed at the macroeconomic or sectoral level. However, heterogeneous exporters in terms of productivity, size or external finance dependence should be hit differently by...

Persistent link: https://www.econbiz.de/10008503207