Controlling Credit - Central Banking and the Planned Economy in Postwar France, 19481973

Monnet analyzes monetary and central bank policy during the mid-twentieth century through close examination of the Banque de France.

List of contents

Introduction; Part I. Institutionalizing Credit: Introduction to Part I: chronology and methodology; 1. French credit policies before 1945; 2. The nationalization of credit from 1945 to the late 1950s; 3. Development then gradual de-institutionalization: the 1960s and 1970s; Part II. Managing Credit: 4. Monetary policy without interest rates. Domestic macroeconomic effects and international issues of credit controls; 5. Blurred lines. The two faces of Banque de France loans to the Treasury (1948-73); 6. Financing the postwar Golden Age. The Banque de France, 'investment credit' and capital allocation; 7. The rise and fall of national credit policies. Implications for the history of European varieties of capitalism and monetary integration; Conclusion.

About the author

Eric Monnet is a senior economist at the Bank of France, a Professor in Economic History at the Paris School of Economics, and a research affiliate at the Centre for Economic Policy Research (CEPR).

Summary

This book provides a new perspective on the history of central banking, finance and growth before the financial liberalization of the 1980s. Monnet combines economic and historical methods in a novel way that will appeal to historians, economists, political scientists, and policymakers interested in current financial and monetary policies.

Product details

• Authors: Eric Monnet, Monnet Eric
• Publisher: Cambridge University Press ELT
• Languages: English
• Product format: Hardback
• Released: 30.11.2018
• EAN: 9781108415019
• ISBN: 978-1-108-41501-9
• No. of pages: 350
• Series: Studies in Macroeconomic History; Studies in Macroeconomic Histo; Studies in Macroeconomic History
• Subjects: Social sciences, law, business > Business > Economics; France, BUSINESS & ECONOMICS / Economics / Macroeconomics, Economic history, economic growth, International Economics, c 1960 to c 1970, Economic systems and structures, Economic systems & structures, c 1950 to c 1959, Monetary Economics, c 1960 to c 1969, C 1945 To C 1960