Banking sector, financial structure and development

In March 2012, the signing of an agreement with the Banque de France gave concrete form to the collaborations which FERDI and the Bank are implementing.

This agreement covers the following topics:

• Price, exchange rate, and competitiveness in developing countries, particularly in the Franc Zone countries
• Development financing, in particular new forms of non-tax financing
• Role of the financial system in development.

This partnership with the Banque de France enables the joint production of working documents and briefs, the organization of international symposia and workshops, and exchanges. The organization of seminars between Banque de France managers and researchers is an opportunity to highlight the resulting work and recommendations.

Work carried out in partnership with the University of Manchester on financial volatility, macro-prudential regulation and growth in low-income countries contributed to the existing analytical literature and provided new evidence on the impact of financial volatility and its determinants on economic growth, with particular attention to the case of the low-income countries in Sub-Saharan Africa.