Latest publications

Economic and financial publications Working Paper Series

On the Retirement Effect of Inheritance: Heterogeneity and the Role of Risk Aversion

  • Published on 01/22/2019
  • en
Economic and financial publications The Fiduciary Letter

May 2018

  • Published on 01/21/2019
  • 6 pages
  • en
Economic and financial publications Working Paper Series

Price effect of mutual fund flows on the corporate bond market: The French case

  • Published on 01/15/2019
  • 27 pages
  • en


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Highlighted publications

Financial Stability Review

Financial Stability Review N°22, April 2018

The 22nd edition of the Banque de France’s Financial Stability Review is entitled “Non-bank finance: trends and challenges”.

Rue de la Banque

Rue de la Banque No. 72, December 2018

Recent US policies (and announcements) and consequent retaliations have increased the threat of a global trade war. This Rue de la Banque provides an assessment of the global macroeconomic short-term implications of higher trade tariffs for the global economy using the International Monetary Fund (IMF) global integrated monetary and fiscal model (GIMF).

This quantification takes into account the direct (increase in trade tariffs) and indirect (fall in productivity, rise in financing costs and increase in uncertainty) channels of a global trade war. A global and generalised 10 percentage points (pp) increase in tariffs could reduce the level of global gross domestic product (GDP) by almost 2.0% on impact, and up to 3.0% after two years.

By Antoine BERTHOU, Caroline JARDET, Daniele SIENA and Urszula SZCZERBOWICZ

Rapport annuel
Banque de France Annual Report

Banque de France Annual Report 2017

François Villeroy de Galhau presented the Banque de France’s Annual Report to the press on 12 March 2018


Banque de France Bulletin

Banque de France Bulletin No. 220 – November-December 2018 Article 2

Use of cash in France: the payment method of choice for low-value purchases

évaluation des risques du système financier français
Assessment of Risks to the French Financial System

December 2018 - Assessment of risks to the French financial system

The following report seeks to identify the risks and vulnerabilities present in the French financial system along with the system’s strengths and sources of resilience. This analysis is used in particular to inform the deliberations of the Banque de France’s governing authorities and of the HCSF. It seeks to provide support for proposals on macroprudential policy made by the governor of the Banque de France to the HCSF and, where appplicable, to assess the impact of these prudential proposals or measures on financial stability.