Christian Noyer: Sovereign Crisis, Risk Contagion and the Response of the Central Bank

ARTICLE June 17, 2010

Ladies and gentlemen,
I am very much honored to open this second session of conferences in Paris and I would like
to thank the Global Interdependence Centre for having Banque de France as a partner of this
full week conference.
I will give the point of view of a central banker on the recent events on sovereign markets,
the major implied risks and challenges for financial stability and the recovery process. Finally,
I will briefly touch on the latest actions of central banks and public authorities to contain those
renewed tensions.
I am confident that this opening address will give rise to valuable discussions in the panels
where distinguished speakers will express views from different perspectives: central banks,
rating agencies, investors and academia.

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Speaker / Author

Christian Noyer

Former Governor, Banque de France

Christian Noyer was born in 1950 near Paris. After obtaining a Bachelor of Laws (LL.B.), he received a Master’s Degree in Public Administration from the Paris Institute of Political Studies (“Sciences Po”). He then joined the Ecole Nationale d’Administration (ENA), of which he is a graduate. He entered the French Treasury in 1976, and spent two years in 1980-82 in Brussels as a financial attache at the French Delegation to the European Union. Back at the Treasury, he held various positions, dealing both with domestic and international affairs, and was appointed Director of the Treasury in 1993. He also served as ... Read More