Managing the Franc Poincare
Economic Understanding and Political Constraint in French Monetary Policy, 1928-1936
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Managing the Franc Poincare by Kenneth Moure
Book DescriptionDefence 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.
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Book DetailsISBN: 9780521522847
(228mm x 152mm x 18mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 30-Apr-2002
Country of Publication: United Kingdom
Books By Author Kenneth Moure
Gold Standard Illusion, Hardback (May 2002)
Attributes the onset of the Great Depression to the workings of the international gold standard. The study provides a history of French gold policy and the Bank of France, re-examines interwar bank co-operation, and looks at how gold standard rhetoric fostered misperceptions of financial problems.
Managing the Franc Poincare, Hardback (June 1991)» View all books by Kenneth Moure
An explanation of France's deflationary policy during the Depression.
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