| Titre | Les services financiers de la Poste | |
|---|---|---|
| Auteur | Pierre Villa, Patrick Renaudon, Geneviève Chapuis | |
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Revue | Economie et prévision |
| Numéro | no 79, 1987/3 | |
| Page | 51-71 | |
| Résumé anglais |
Postal financial activity,
by Geneviève Chapuis, Patrick Renaudon, Pierre Villa.
A model of the demand for financial assets of the postal network is presented in the paper. The econometric study shows that the postal share of the collect in money items depends in the long run more heavily on structural variables (like the number of positions and the number of banks of the depositors), on the interest rates fixed by the government than on income or inflation.
Since the beginning of the 1980's, competition through positions between the main financial networks (post, commercial or saving banks) has slowed down. The main feature is the transfer of funds to the financial market. This movement is favourable to banks. The postal financial sector has responded in supplying new financial products. But the monetary policy and the rules of the french financial framework will have certainly in the future a determining influence on the relative share of the postal network. The model shows that a policy, aimed to cut down inflation through a general decrease of the interest rate on deposits, diminishes the share of the postal network. The consequences of such a policy are amplified because the post-deposits (named livret A) are tax- free and it is not the case for the same deposits to the banks. So the creation of a single sort of deposit, bearing a tax, would diminish the postal deposits. On the other hand, if the postal offices could develop short term credit like consumption credit, it would attract new depositors. Source : Éditeur (via Persée) |
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| Article en ligne | http://www.persee.fr/web/revues/home/prescript/article/ecop_0249-4744_1987_num_79_3_4989 |
