France: Selected Issues

International Monetary Fund

No 1999/139, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper analyzes developments and issues in banking and financial markets in France. The paper provides an overview of the transition from a state-directed to a market-based financial system. It adopts a comprehensive approach and discusses the outcome of this transition in banking, insurance, and capital markets. The paper highlights the sequencing of financial sector modernization. The analysis concludes that, on balance, France has successfully modernized its financial industry and the financial system seems better prepared to operate successfully in the increasingly competitive international environment.

Keywords: ISCR; CR; Nouveau Marché; Crédit Agricole; commercial paper; financial activity; AFB bank; bank profitability; financial system; central bank; Société Générale; debt management; Insurance; Money markets; Commercial banks; Insurance companies; Securities markets; Europe; Global (search for similar items in EconPapers)
Pages: 71
Date: 1999-12-10
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Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:1999/139

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