Studies in Macroeconomic History- Controlling Credit Central Banking and the Planned Economy in Postwar France, 1948–1973

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  • Engels
  • Paperback
  • 9781108400084
  • 03 oktober 2019
  • 352 pagina's
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Samenvatting

It is common wisdom that central banks in the postwar (1945–1970s) period were passive bureaucracies constrained by fixed-exchange rates and inflationist fiscal policies. This view is mostly retrospective and informed by US and UK experiences. This book tells a different story. Eric Monnet shows that the Banque de France was at the heart of the postwar financial system and economic planning, and that it contributed to economic growth by both stabilizing inflation and fostering direct lending to priority economic activities. Credit was institutionalized as a social and economic objective. Monetary policy and credit controls were conflated. He then broadens his analysis to other European countries and sheds light on the evolution of central banks and credit policy before the Monetary Union. This new understanding has important ramifications for today, since many emerging markets have central bank policies that are similar to Western Europe's in the decades of high growth.

Productspecificaties

Inhoud

Taal
en
Bindwijze
Paperback
Oorspronkelijke releasedatum
03 oktober 2019
Aantal pagina's
352
Illustraties
Nee

Betrokkenen

Hoofdauteur
Eric Monnet
Hoofduitgeverij
Cambridge University Press

Overige kenmerken

Extra groot lettertype
Nee
Product breedte
150 mm
Product hoogte
18 mm
Product lengte
230 mm
Studieboek
Ja
Verpakking breedte
150 mm
Verpakking hoogte
18 mm
Verpakking lengte
230 mm
Verpakkingsgewicht
500 g

EAN

EAN
9781108400084
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