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Managing the Franc Poincaré by Kenneth Moure
Managing the Franc Poincaré by Kenneth Moure
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Managing the Franc Poincaré

Economic Understanding and Political Constraint in French Monetary Policy, 1928–1936
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Description

Defense of the franc Poincare 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 Poincare 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.
Release date Australia
April 30th, 2002
Author
Audience
  • Professional & Vocational
Illustrations
Worked examples or Exercises
Pages
324
Dimensions
160x236x20
ISBN-13
9780521522847
Product ID
2011239

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