The 2012 Article IV Consultation with France discusses the financial and economic conditions of the country. Although … France weathered the 2008 financial and subsequent euro area crises relatively well compared with other advanced countries …, its recovery has been sluggish. France has become a less open economy and reported a steady loss of export market share …

indices; second, which bank-specific characteristics explain these risk exposures; third, are there clusters of banks with … analysis of bank-to-bank linkages suggests that any “globalization” of the euro area crisis is likely to be channelled through …

This Financial System Stability Assessment on France discusses the French financial system and the restructuring of …

from domestic banks. As public debt approached sustainability limits in a number of countries, however, high bank exposure … to sovereign risk created a fragile inter-dependence between fiscal and bank solvency. This paper presents a simple model …