By Jean-Pierre Patat
This financial historical past of contemporary France among 1897-1984 includes chapters overlaying particular sub-periods, from the top-quality interval of 1897-1914 via to the growth with inflation section of 1968-73. every one bankruptcy offers an account of the industrial scenario and coverage judgements as a history to a extra unique research of economic and fiscal advancements. The paintings specializes in the variety of things affecting coverage, financial and fiscal advancements in every one sub-period, taking note of pursuits within the opposite numbers of the cash inventory, to the determinants of financial institution reserves and to non-public quarter portfolio judgements. The ebook concludes with a long statistical appendix, which units out very important new quarterly and per month statistical sequence for the money inventory and its opposite numbers.
Read Online or Download A Monetary History of France in the Twentieth Century PDF
Similar money & monetary policy books
This publication takes a world strategy, with an emphasis on North and Latin the United States respectfully, by means of discussing one in every of trendy so much arguable subject matters in enterprise; Dollarization. With the cave in of the previous Soviet Union, and the formation of the Euro in Europe, many nations and debating even if a typical foreign money is of their most sensible curiosity.
In lots of nations, financial coverage judgements are made by way of committees. In the USA, those judgements are made through the Federal Reserve's Federal Open marketplace Committee (FOMC), which is composed of the seven individuals of the Board of Governors and the presidents of the twelve district banks.
This booklet offers the grounding for a brand new method of financial economics, in response to the book-keeping nature of cash. the most topics of macroeconomics are tested to teach how we may well enhance our realizing via a radical research in their financial points. funds is the major point and its position is investigated with regards to worth, costs, gains, capital and curiosity.
During this well timed and thought-provoking booklet, Eckhard Hein illustrates that the nice Recession, which hit the realm economic system in 2008/09, is rooted within the contradictions of finance-dominated capitalism. the writer presents an in-depth exploration of the macroeconomics of finance-dominated capitalism, its difficulties and its challenge, and provides fiscal coverage classes and possible choices.
- The Yen Appreciation and the International Economy
- The Eurozone Crisis and the Future of Europe: The Political Economy of Further Integration and Governance
- Monetary Policies and Inflation Targeting in Emerging Economies
- Cracking the emerging markets enigma
Extra resources for A Monetary History of France in the Twentieth Century
Aftalion. The fall in the franc stimulated the rise in prices and the money supply was adjusted to this. The situation at the start of the period is entirely clear (at least with the benefit of hindsight). 8 1925 - 1924 1923 57(1913= 100) 1922 SouRCES GDP and industrial production- Carre, Dubois et Malinvaud (1972); exchange rates and prices- Statistique Generale de Ia France (1932); Fontaine (1966); Singer-Kerel (1961); balance of payments and budget- Sauvy (1984, val. III); M2- authors' calculations.
Tended to ease and a degree of stability started to reappear, after ( ... ) the wild enthusiasms of the Armistice. It 38 A Monetary History of France called on producers to equip themselves for the permanent markets which it was becoming possible for them to count on normally'. 14 The 'hegemony of the exchanges' Monetary developments were, however, less satisfactory. The period between the end of the first half of 1922 and the election which swept the Cartel des Gauches into power (11 July 1924) was in fact the first classic phase of what Aftalion described as the 'hegemony o( the exchanges'.
Bringing the piano nearer consists in reducing the money in circulation in such a way that the ratio between this total and its gold and silver backing returns to a level which permits convertibility to be practised on the prewar bases. Categorically renouncing the first way for the time being, the authorities committed themselves only partially to the second, and only after the money stock had increased by more than 35 per cent in 1919 and by 13 per cent during the first 11 months of 1920, this development being accompanied by a serious depreciation of the franc against the Anglo-Saxon currencies.
A Monetary History of France in the Twentieth Century by Jean-Pierre Patat