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Managing the Franc Poincar� Economic Understanding and Political Constraint in French Monetary Policy, 1928-1936

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ISBN-10: 0521522846

ISBN-13: 9780521522847

Edition: 2002

Authors: Kenneth Mour�, Michael D. Bordo, Forrest Capie, Angela Redish

List price: $69.99
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Defence of the franc Poincar 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 Poincar 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.
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Book details

List price: $69.99
Copyright year: 2002
Publisher: Cambridge University Press
Publication date: 4/30/2002
Binding: Paperback
Pages: 324
Size: 6.00" wide x 9.00" long x 1.00" tall
Weight: 1.100
Language: English

Abbreviations used in notes
The depression in France
French gold accumulation 1928-1932
The world economic conference and the gold bloc
The Bank of France: market control and interest rate policy
The treasury and government finance
The devaluation debate
Devaluation of the Franc