French Financial Markets

French Financial Markets PDF Author: Gilbert Durieux
Publisher: Woodhead Publishing
ISBN: 9781855731165
Category : Business & Economics
Languages : en
Pages : 296

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Book Description
The author's have provided a clear vision of the French financial sector, which is often underestimated by the international community. The rate of change has been significant, with the size of Paris as a financial centre growing significantly faster than New York, Frankfurt, and even London and Tokyo. The modernisation that has been undertaken, which is responsible for this growth, has affected all aspects of the French financial markets; particularly, the status of the players and the institutional regime, and also the financial instruments and back-office tools. This book is essential reading for anyone dealing with this increasingly important European financial centre.

French Financial Markets

French Financial Markets PDF Author: Gilbert Durieux
Publisher: Woodhead Publishing
ISBN: 9781855731165
Category : Business & Economics
Languages : en
Pages : 296

Get Book Here

Book Description
The author's have provided a clear vision of the French financial sector, which is often underestimated by the international community. The rate of change has been significant, with the size of Paris as a financial centre growing significantly faster than New York, Frankfurt, and even London and Tokyo. The modernisation that has been undertaken, which is responsible for this growth, has affected all aspects of the French financial markets; particularly, the status of the players and the institutional regime, and also the financial instruments and back-office tools. This book is essential reading for anyone dealing with this increasingly important European financial centre.

France

France PDF Author: International Monetary Fund. Monetary and Capital Markets Department
Publisher: International Monetary Fund
ISBN: 151350827X
Category : Business & Economics
Languages : en
Pages : 74

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Book Description
This Financial System Stability Assessment paper on France provides summary of an assessment of the financial system. Dominated by internationally active financial conglomerates, the French financial system has made important progress since the last financial stability assessment program (FSAP). In order to address a build-up of systemic risks, the authorities have proactively used macroprudential measures and public communication. The government is pursuing a strategy to prepare Paris as a key financial hub, including by promoting crypto-assets, fintech, green finance, and market entry. Banking and insurance business lines, and the corporate sector, carry important financial vulnerabilities that need close attention. The FSAP thus has recommended augmenting policy tools to contain vulnerabilities and continue to act pre-emptively if systemic risks intensify. In order to mitigate intensification of corporate—and potentially household—vulnerabilities, the FSAP proposed: active engagement with the European Central Bank on the possible use of bank-specific measures; considering fiscal measures to incentivize corporates to finance through equity rather than debt; and a sectoral systemic risk buffer.

Banking Structures in Major Countries

Banking Structures in Major Countries PDF Author: George G. Kaufman
Publisher: Springer Science & Business Media
ISBN: 9780792391364
Category : Business & Economics
Languages : en
Pages : 642

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Book Description
The ongoing globalization of financial markets has increased the import ance to users of financial services, policy-makers and financial analysts of understanding the structure and operation of banking systems in other countries as well as that in their own country. This volume contributes to such an understanding. The structure and operation of the banking system are described for 10 important countries, plus the European Economic Community, under one cover. The contributing authors are knowledgable and widely respected experts. The author, or at least one of the coauthors, of each chapter is a resident of the country described. Each chapter follows a broadly similar outline, although the attention devoted to any particular area varies substantially according to authors' perceptions of its relative importance in the particular country. The chapters spotlight the similarities and differences among the structures. The volume should serve as both a handy and authoritative reference guide for practitioners, regulators and students of international banking. An early benefit of the book was an international conference held in Chicago in the fall of 1989 on the world integration of financial markets. A number of the authors of the chapters presented brief versions of their papers. The conference was sponsored jointly by the Federal Reserve Bank of Chicago and the MidAmerica Institute. The audience was primarily senior officers and regulators of financial institutions in the midwest. The conference generated considerable interest in both the subject matter and the contents of this book.

High Wage Workers and High Wage Firms

High Wage Workers and High Wage Firms PDF Author: John M. Abowd
Publisher: Université de Montréal, Centre de recherche et développement en économique
ISBN:
Category : Business & Economics
Languages : en
Pages : 94

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Book Description
We study a longitudinal sample of over one million French workers and over 500,000 employing firms. Real total annual compensation per worker is decomposed into components related to observable characteristics, worker heterogeneity, firm heterogeneity and residual variation. Except for the residual, all components may be correlated in an arbitrary fashion. At the level of the individual, we find that person-effects, especially those not related to observables like education, are the most important source of wage variation in France. Firm-effects, while important, are not as important as person-effects. At the level of firms, we find that enterprises that hire high-wage workers are more productive but not more profitable. They are also more capital and high-skilled employee intensive. Enterprises that pay higher wages, controlling for person-effects, are more productive and more profitable. They are also more capital intensive but are not more high-skilled labor intensive. We also find that person-effects explain 92% of inter-industry wage differentials.

Priceless Markets

Priceless Markets PDF Author: Philip T. Hoffman
Publisher: University of Chicago Press
ISBN: 9780226348018
Category : Business & Economics
Languages : en
Pages : 380

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Book Description
This pathbreaking book shows how credit markets functioned in Paris, through the agency of notaries, during a critical period of French history. Its authors challenge the usual assumption that organized financial markets—and hence the opportunity for economic growth—did not emerge outside of England and the Netherlands until the nineteenth century. Drawing on innovative research, the authors show that as early as the Old Regime, financial intermediaries in France were mobilizing a great tide of capital and arranging thousands of loans between borrowers and lenders. The implications for historians and economists are substantial. The role of notaries operating in Paris that Priceless Markets uncovers has never before been recognized. In the wake of this pathbreaking new study, historians will also have to rethink the origins of the French Revolution. As the authors show, the crisis of 1787-88 did not simply ignite revolt; it was intimately bound up in an economic struggle that reached far back into the eighteenth century, and continued well into the 1800s.

Financial And Economic Systems: Transformations And New Challenges

Financial And Economic Systems: Transformations And New Challenges PDF Author: Zied Ftiti
Publisher: World Scientific
ISBN: 1786349515
Category : Business & Economics
Languages : en
Pages : 609

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Book Description
In the last twenty years, several periods of turmoil have shaped the financial and economic system. Many regulatory policies, such as Basel III, have been introduced to overcome further crises and scandals. In addition, monetary policy has experienced a transition from conventional to unconventional frameworks in most industrialized and emerging economies. For instance, turning to hedge and diversification of portfolios, commodities markets have attracted increasing interest. More recently, new forms of money have been introduced, such as virtual money. These changes have influenced governance features at both macro and micro levels. Therefore, calls for ethical and sustainable standards in financial and economic spheres have been growing since 2007.Financial and Economic Systems: Transformations and New Challenges provides readers with insights about future transformations and challenges for financial and economic systems. Prominent contributors focus on different aspects, providing a global overview of crisis implications. The book is split into four main areas: Changes in the Real Sphere, covering issues related to yields, risk, unconventional monetary policy, and macroprudential policy; Financial Markets and Macroeconomics, covering uncertainty in finance and economics; CSR, Sustainability and Ethical Finance, highlighting the emergence of corporate social responsibility; and Digitalization, Blockchain and FinTech and the consequences of these transformations on markets and economic systems.

The Politics of Free Markets

The Politics of Free Markets PDF Author: Monica Prasad
Publisher: University of Chicago Press
ISBN: 0226679020
Category : Business & Economics
Languages : en
Pages : 339

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Book Description
The attempt to reduce the role of the state in the market through tax cuts, decreases in social spending, deregulation, and privatization—“neoliberalism”—took root in the United States under Ronald Reagan and in Britain under Margaret Thatcher. But why did neoliberal policies gain such prominence in these two countries and not in similarly industrialized Western countries such as France and Germany? In The Politics of Free Markets, a comparative-historical analysis of the development of neoliberal policies in these four countries,Monica Prasad argues that neoliberalism was made possible in the United States and Britain not because the Left in these countries was too weak, but because it was in some respects too strong. At the time of the oil crisis in the 1970s, American and British tax policies were more punitive to business and the wealthy than the tax policies of France and West Germany; American and British industrial policies were more adversarial to business in key domains; and while the British welfare state was the most redistributive of the four, the French welfare state was the least redistributive. Prasad shows that these adversarial structures in the United States and Britain created opportunities for politicians to find and mobilize dissatisfaction with the status quo, while the more progrowth policies of France and West Germany prevented politicians of the Right from anchoring neoliberalism in electoral dissatisfaction.

OECD Economic Surveys: France 2021

OECD Economic Surveys: France 2021 PDF Author: OECD
Publisher: OECD Publishing
ISBN: 9264891242
Category :
Languages : en
Pages : 147

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Book Description
The French economy rebounded quickly following the COVID-19 crisis, in particular thanks to the acceleration of the vaccination campaign and strong public support measures. Rapid and effective implementation of the recovery and investment plans would help support stronger and more sustainable growth.

Moralizing the Market

Moralizing the Market PDF Author: Yves-Marie Péréon
Publisher: JHU Press
ISBN: 1421424851
Category : Business & Economics
Languages : en
Pages : 223

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Book Description
"In the late 1960s, France attempted a complete overhaul of its financial regulations without being forced to do so by a stock market crash or the collapse of its banking system. Out of pure political expediency, Gaullist reformers seized the opportunity offered by a minor insider trading case to establish the "Commission des Opérations de Bourse (COB), an independent commission in charge of regulating the securities market. Even more surprisingly, these staunch defenders of national sovereignty drew their inspiration from an American model, the Securities and Exchange Commission. Rather than a comparative study of securities regulation in France and the United States, the book is an investigation of the dynamics of policy transfer in the field of securities regulation. Along the way, it reveals a great deal about French and American perceptions of morality and capitalism, but also, more generally, about the exercise of political power in modern democracies, the interaction between business and government, and the mechanisms of institutional innovation"--

OECD Sovereign Borrowing Outlook 2021

OECD Sovereign Borrowing Outlook 2021 PDF Author: OECD
Publisher: OECD Publishing
ISBN: 9264852395
Category :
Languages : en
Pages : 94

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Book Description
This edition of the OECD Sovereign Borrowing Outlook reviews developments in response to the COVID-19 pandemic for government borrowing needs, funding conditions and funding strategies in the OECD area.