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Banque de France Bulletin

The Banque de France Bulletin covers a range of subjects monitored, handled or studied by central banks. It serves as an information tool for a broad readership and offers educational insights so that all readers can form their own opinions.
As of the March-April 2018 edition, the articles will be published on a staggered basis and then translated into English.

Previously, the Quarterly Selection of Articles was published every three months and included a selection of articles that had already appeared in French.

As of the May-June 2019 issue, the Banque de France Bulletin includes an "Economic Research" section. In this section, Banque de France researchers present their views on a subject, condensed into a few non-technical pages, with charts and a bibliography for further reading.

January

Publication Banque de France Bulletin n°238 : article 5
Compiling the balance of payments: a statistical mission at the Banque de France since 1945

Compiling the balance of payments is a “fundamental mission” for the Banque de France under the terms of the 2007 Arthuis law. The aim is, on the one hand, to present a picture of real and financial transactions between France and foreign countries,...

By Le Gallo Florian
Thematic: Economy and international financing
  • Published on 01/12/2022
  • 10 pages
  • EN
  • PDF (278.6 KB)

January

Publication Banque de France Bulletin n°238 : article 4
Ten years on from the business tax reform: how has it affected companies’ behaviour?

In 2010, the French corporation tax known as the local economic contribution or CET (contribution économique territoriale) replaced the business tax (TP – taxe professionnelle). This latter tax on production had come under frequent criticism because it...

By Bergeaud Antonin, Jousselin Edouard, Malgouyres Clément
Thematic: Economic research
  • Published on 01/07/2022
  • 9 pages
  • EN
  • PDF (2.9 MB)

January

Publication Banque de France Bulletin n°238 : article 3
State aid in the Covid-19 crisis: a European dilemma

In response to the economic impact of the Covid-19 crisis, the European Commission temporarily relaxed the framework governing the use of State aid. This framework was amended to include more diversified forms of aid, higher ceilings and extended...

By De Franclieu Dorothée, Émilie Hermet
Thematic: Economy and international financing
  • Published on 01/05/2022
  • 13 pages
  • EN
  • PDF (419.21 KB)