French Interventions in the Financial Crisis

7 Pages Posted: 24 Oct 2009

Date Written: October 22, 2009

Abstract

The paper first analyzes where France stands in the global picture, and then describes how it is trying to keep the current financial crisis in check. The 2008 French Bank Relief Act created both a financing company and a recapitalization company to help financial institutions via a government guarantee. Other interventions, which were structural, include the reform of securitization, hedge funds, and rules for executive compensation. Finally, the paper proposes a few paths for the future.

Keywords: France, financial crisis, French Bank Relief Act, financing company, recapitalization company, securitization, hedge funds, executive compensation

JEL Classification: K2

Suggested Citation

Cavalier, Georges A. J., French Interventions in the Financial Crisis (October 22, 2009). Available at SSRN: https://ssrn.com/abstract=1492708 or http://dx.doi.org/10.2139/ssrn.1492708

Georges A. J. Cavalier (Contact Author)

University of Lyon 3 ( email )

1 rue de Université
B.P. 0638
Lyon, 69007
France

HOME PAGE: http://www.edocdroit-lyon3.com/annuaires_pop_prof.php?id=5008

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