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The French banking and financial system and the crisis

Author

Listed:
  • Jérôme Creel

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

  • Fabien Labondance

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

  • Sandrine Levasseur

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

Abstract

The goal of this paper is twofold. First, we describe briefly the French banking sector, presenting its main development since the 1980s and its key characteristics. Second, we analyse the consequences of the financial crisis on the French economy and its banks. In particular, we emphasise the resilience of the French banking model, as no major bankruptcy has occurred in the banking sector since 2008 and private agents have continued to finance their activity without intense credit rationing. However, concerns over the soundness of the French financial system remain unaddressed.

Suggested Citation

  • Jérôme Creel & Fabien Labondance & Sandrine Levasseur, 2014. "The French banking and financial system and the crisis," Post-Print hal-03460335, HAL.
    • Handle: RePEc:hal:journl:hal-03460335
    DOI: 10.1007/s10272-014-0489-8
    Note: View the original document on HAL open archive server: https://sciencespo.hal.science/hal-03460335
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