Banque de France
BDF
Decoder
European ESG funds resilient despite market and regulatory headwinds
European ESG funds recorded resilient performance between Q1 2023 and Q3 2025, despite increased volatility and a less favourable environment.
Focus
BDF
Paper
Female business leaders seek less credit, face equal rejection
French female-led businesses make less use of bank credit than companies run by men, a difference attributable to a lower demand for credit among female executives.
BDF
Paper
New financial model projects future interest costs for dynamic debt portfolios
Banque de France researchers have developed a financial model to project future interest expenses for dynamic debt portfolios.
Latest
BDF
Paper
Non-resident ownership of French CAC 40 shares rises to 50 percent
Non-resident ownership of French CAC 40 shares reached 50 percent at the end of 2024, a 0.5 percentage point increase from the previous year.
BDF
Speech
Deficit above 5% risks France's fiscal stability, warns Villeroy de Galhau
Banque de France Governor François Villeroy de Galhau warned that a public deficit exceeding 5 percent of GDP in 2026 would put France at fiscal risk.
BDF
Speech
Banque de France Governor delivers New Year address, highlights roles
The Governor of the Banque de France delivered a New Year address on January 12, 2026, emphasizing the central bank's role as an engaged and innovative institution with strong governance.
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BDF
Paper
French financial system resilient amid sovereign debt and AI risks
The French financial system remains resilient despite increased risks from sovereign debt, highly valued AI assets, and non-bank financial intermediaries.
BDF
Data
Banque de France highlights Paris's FX market concentration in BIS survey
The Banque de France has published findings from the triennial Bank for International Settlements (BIS) survey, revealing a significant concentration in Paris's foreign exchange and OTC derivatives market.
BDF
Paper
BDF study finds limited and stable EU coverage in French press
A Banque de France study using automated text analysis shows that French press coverage of European Union issues has remained limited and stable over the past two decades, primarily peaking during European election periods.
BDF
Paper
BDF paper examines international shock transmission in liquidity traps
A new Banque de France paper explores how international asset market shocks are transmitted domestically, particularly when the central bank is at the Effective Lower Bound.
BDF
Data
Banque de France survey reports December growth, forecasts January slowdown
The Banque de France (BDF) has published its monthly business survey, indicating continued activity growth in December 2025 at a slightly slower pace.
BDF
Paper
Banque de France study finds medium-run macro costs for Fit-for-55 carbon tax
The Banque de France published a study assessing the medium-run macroeconomic effects of the Fit-for-55 carbon tax in France.