Banque de France
Regulation fosters Bitcoin price convergence, deters illicit use
A Banque de France working paper finds that cryptocurrency regulation significantly impacts Bitcoin price deviations across countries.
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EBA capital exercise cut euro area loan growth by 1.6 percent
A Banque de France working paper finds that the EBA's 2011/12 Capital Exercise reduced euro area loan growth by 1.2 to 1.6 percentage points.
France's potential growth still affected by Covid crisis
France's potential GDP still bears slight negative effects from the Covid crisis in level terms, but its pre-crisis growth rate returned by end-2025.
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Villeroy de Galhau: Monetary policy faces three core challenges
Banque de France Governor François Villeroy de Galhau reflected on a turbulent decade of monetary policy in his final speech, clarifying three core challenges to its mandate, instruments, and independence.
Villeroy warns of growing Europe-China imbalances
Banque de France Governor François Villeroy de Galhau discussed the evolving economic relationship between Europe and China, highlighting growing global imbalances.
Digital euro vital for monetary sovereignty, says BDF Governor
Emmanuel Moulin, Governor of the Banque de France, emphasized the need for central banks to actively shape monetary innovation.
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BDF refines business climate indicator for real-time view
The Banque de France has updated its business climate indicator, providing a more reactive and interpretable overview of economic activity.
Banque de France exceeds emissions target, expands climate action
The Banque de France and ACPR have published their 2025 Sustainability Report, highlighting exceeded emissions reduction targets and expanded integration of climate and nature-related risks.
Targeted leverage rules have moderate macro impact in France
A Banque de France study finds that borrower-based macroprudential measures (BBMs) in France have statistically significant but economically moderate macroeconomic effects.
Past hyperinflation shapes current Austrian price outlook
A new Banque de France working paper reveals that regions more exposed to Austria's 1921-22 hyperinflation still report higher inflation expectations a century later.
US consumption fueled by stock valuations, creating vulnerability
US consumption showed unexpected resilience in 2025, partly driven by rising financial asset prices.
New taxonomy reveals shifting safe-haven properties of US Treasuries
The Banque de France paper proposes a new empirical taxonomy of safe assets based on their safe-haven behavior during global risk aversion.