Managing the Franc Poincaré: Economic Understanding and Political Constraint in French Monetary Policy, 1928-1936 / Edition 1

Managing the Franc Poincaré: Economic Understanding and Political Constraint in French Monetary Policy, 1928-1936 / Edition 1

by Kenneth Moure
     
 

ISBN-10: 0521522846

ISBN-13: 9780521522847

Pub. Date: 04/09/2002

Publisher: Cambridge University Press

Defense of the franc Poincaré; dominated French economic policy during the Depression. While most countries took their currencies off gold to permit a wider range of domestic policies to foster recovery, in France policy makers resolved to preserve the gold parity of the franc by balancing the budget and lowering domestic prices. Novelty and experimentation

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Overview

Defense of the franc Poincaré; dominated French economic policy during the Depression. While most countries took their currencies off gold to permit a wider range of domestic policies to foster recovery, in France policy makers resolved to preserve the gold parity of the franc by balancing the budget and lowering domestic prices. Novelty and experimentation were rejected in the conviction that a durable recovery was possible only through a return to strict neoclassical orthodoxy. Managing the franc Poincaré examines French monetary management from 1928 to 1936 in order to explain this stubborn determination to achieve recovery through deflation despite evidence of its failures abroad. Through evaluation of French understanding of the Depression, French economic diplomacy in an era of economic nationalism, the evolving roles of the French treasury and the Bank of France in monetary management and policy determination, and attention to the fractious politics of the Third Republic, French monetary policy is set within its ideological, institutional and political contexts.

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Product Details

ISBN-13:
9780521522847
Publisher:
Cambridge University Press
Publication date:
04/09/2002
Series:
Studies in Macroeconomic History Series
Edition description:
First Paperback Edition
Pages:
324
Product dimensions:
5.98(w) x 8.98(h) x 0.71(d)

Table of Contents

Abbreviations used in notes; Acknowledgements; Introduction; 1. The depression in France; 2. French gold accumulation 1928–1932; 3. The world economic conference and the gold bloc; 4. The Bank of France: market control and interest rate policy; 5. The treasury and government finance; 6. The devaluation debate; 7. Devaluation of the Franc; Conclusion; Bibliography.

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