French Banks amid the Global Financial Crisis
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 the...
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| Format: | Article |
| Language: | English |
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Universiti Utara Malaysia
2011-03-01
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| Series: | The International Journal of Banking and Finance |
| Subjects: | |
| Online Access: | https://www.e-journal.uum.edu.my/index.php/ijbf/article/view/8418 |
| _version_ | 1797958209664712704 |
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| author | Yingbin Xiao |
| author_facet | Yingbin Xiao |
| author_sort | Yingbin Xiao |
| collection | DOAJ |
| description | 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.
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| first_indexed | 2024-04-11T00:15:42Z |
| format | Article |
| id | doaj.art-b4e8b5559ef142609f47958aa8c9703d |
| institution | Directory Open Access Journal |
| issn | 2811-3799 2590-423X |
| language | English |
| last_indexed | 2024-04-11T00:15:42Z |
| publishDate | 2011-03-01 |
| publisher | Universiti Utara Malaysia |
| record_format | Article |
| series | The International Journal of Banking and Finance |
| spelling | doaj.art-b4e8b5559ef142609f47958aa8c9703d2023-01-09T03:08:29ZengUniversiti Utara MalaysiaThe International Journal of Banking and Finance2811-37992590-423X2011-03-0181French Banks amid the Global Financial CrisisYingbin Xiao0International Monetary Fund USAThis 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. https://www.e-journal.uum.edu.my/index.php/ijbf/article/view/8418French banksFinancial crisis,RecapitalizationDebt guaranteeGovernment supportRefinancing |
| spellingShingle | Yingbin Xiao French Banks amid the Global Financial Crisis The International Journal of Banking and Finance French banks Financial crisis, Recapitalization Debt guarantee Government support Refinancing |
| title | French Banks amid the Global Financial Crisis |
| title_full | French Banks amid the Global Financial Crisis |
| title_fullStr | French Banks amid the Global Financial Crisis |
| title_full_unstemmed | French Banks amid the Global Financial Crisis |
| title_short | French Banks amid the Global Financial Crisis |
| title_sort | french banks amid the global financial crisis |
| topic | French banks Financial crisis, Recapitalization Debt guarantee Government support Refinancing |
| url | https://www.e-journal.uum.edu.my/index.php/ijbf/article/view/8418 |
| work_keys_str_mv | AT yingbinxiao frenchbanksamidtheglobalfinancialcrisis |