Bibliograph

Managing the franc Poincaré, economic understanding and political constraint in French monetary policy, 1928-1936, Kenneth Mouré

Type

Label

Managing the franc Poincaré, economic understanding and political constraint in French monetary policy, 1928-1936, Kenneth Mouré

Language

eng

Index

index present

Literary Form

non fiction

Main title

Managing the franc Poincaré

Medium

electronic resource

Nature of contents

dictionaries

Oclc number

715156898

Responsibility statement

Kenneth Mouré

Series statement

Studies in macroeconomic historyCambridge Social Sciences eBooks

Sub title

economic understanding and political constraint in French monetary policy, 1928-1936

Summary

Defence 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.--, Provided by publisher

Table Of Contents

Introduction -- The depression in France ; Incidence of the depression in France ; L'heure de la penitence economique : contemporaries view the crisis in France -- French gold accumulation, 1928-1932 ; The international gold problem ; The fall of sterling and after -- The World Economic Conference and the gold bloc ; Preparation for the World Economic Conference ; The quest for monetary stabilization ; The World Economic Conference ; Aftermath : the gold bloc -- The Bank of France : market control and interest-rate policy ; The Bank of France and the money market ; Development of the Paris money market ; Control of the market ; Defense of the franc -- The Treasury and government finance ; Prosperity to depression ; Deflation ; Regularization of the advances -- The devaluation debate ; Reynaud enters the debate ; The devaluation debate ; Conversions ; International aspects -- Devaluation of the franc ; The end of deflation ; The decision to devalue ; Negotiating devaluation -- Devaluation in public -- Conclusion

Classification