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Managing the Franc Poincare: Economic Understanding and Political Constraint in French Monetary Policy, 1928-1936.
・ISBN 978-0-521-52284-7 paper GB£ 45.00
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| 著者・編者 | Moure, Kenneth, |
|---|---|
| シリーズ | (Studies in Macroeconomic History) |
| 出版社 | (Cambridge University Press, UK) |
| 出版年月 | 2002 |
| ページ数 | 324 pp. |
| 言語 | ENG |
| ニュース番号 | ＜A03-33086＞ |
解説
Defence 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.