Managing the Franc Poincare: Economic Understanding and Political Constraint in French Monetary Policy, 1928-1936

Managing the Franc Poincare: Economic Understanding and Political Constraint in French Monetary Policy, 1928-1936

by Kenneth Mour?
     
 

ISBN-10: 0521394589

ISBN-13: 9780521394581

Pub. Date: 06/28/1991

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

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.

Product Details

ISBN-13:
9780521394581
Publisher:
Cambridge University Press
Publication date:
06/28/1991
Series:
Studies in Macroeconomic History Series
Pages:
318
Product dimensions:
5.98(w) x 8.98(h) x 0.87(d)

Table of Contents

Abbreviations used in notes; Acknowledgements; Introduction; 1. The depression in France; 2. French gold accumulation 1928-32; 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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