Open AccessFrench Banks amid the Global Financial Crisis
Author(s) -
Yingbin Xiao
Publication year - 2011
Publication title -
s and p : sound and pictures
Language(s) - English
Resource type - Journals
ISSN - 1675-722X
DOI - 10.32890/ijbf2011.8.1.8418
Subject(s) - financial crisis , financial system , equity (law) , finance , business , debt , economics , vigilance (psychology) , macroeconomics , political science , neuroscience , biology , law
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 supervisory 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.