The Banque de France is an independent institution governed by French and European law, and a member of the Eurosystem, which is the federal system comprising the European Central Bank and the national central banks of the euro area.
The Banque de France contributes to the definition of euro area monetary policy and ensures its implementation in France on behalf of the Eurosystem.
Safeguarding financial stability is one of the core missions of the Banque de France. It consists in ensuring the financial system functions efficiently and is sufficiently robust to withstand shocks.
The Banque de France provides economic expertise in the form of research, forecasts and contributions to international financial bodies. Through these activities, it helps to establish a complete diagnosis of the economy, which is necessary for the conduct of monetary policy.
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The Banque de France carries out a broad range of cash-related activities: it issues banknotes, monitors recirculated banknotes and puts coins into circulation. It is also steering the modernisation of the cash cycle, in conjunction with its clients.
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Working Paper Series
The Working Paper Series showcases research work being conducted at the Banque de France on the development of analytical tools for use in macroeconomic forecasting, monetary policy conduct and the safeguarding of financial stability. The papers do not necessarily reflect the position of the Banque de France or the Eurosystem.
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