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Government Intervention in the French Financial System

  • Florin Aftalion
  • Alain Siaens

Abstract

The main reason for the existence of financial systems is intermediation between savers and investors. Financial intermediaries channel funds from economic units which are ready to lend to other units which would like to borrow. Assessments about how well intermediation is achieved are made in general on the basis of allocation efficiency (how well the system matches lenders and borrowers; there should be nobody ready to lend at rates below the market rate or ready to borrow at rates above the market rate) and cost efficiency (which is the amount of funds diverted from lenders and borrowers for the functioning of the system).

Keywords

Interest Rate Monetary Policy Commercial Bank Money Market Market Rate 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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References

  1. Aftalion, F. (1979) ‘Le contrôle monétaire en présence d’institutions financières non bancaires’, Cahier de recherche CERESSEC.Google Scholar
  2. Banque de France (1977) Compte-rendu.Google Scholar
  3. Caisse des Dépôts (1977) Rapport au Parlement.Google Scholar
  4. Caisse de Prêts aux Organismes d’Habitations à Loyer Modéré (CPHLM) (1977) Rapport annuel.Google Scholar
  5. Conseil National du Crédit (1977) Rapport annuel et annexes.Google Scholar
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  9. S.N. (1975) ‘Le Crédit Foncier de France, notes et études documentaires’, La Documentation Française (December).Google Scholar

Copyright information

© Albert Verheirstraeten 1981

Authors and Affiliations

  • Florin Aftalion
  • Alain Siaens

There are no affiliations available

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