Name: Controlling Credit: Central Banking and the Planned Economy in Postwar France, 1948–1973 (Studies in Macroeconomic History) (en Inglés)
Price: 78.75 USD
Availability: InStock
Author: Eric Monnet
ISBN: 9781108400084

portada Controlling Credit: Central Banking and the Planned Economy in Postwar France, 1948–1973 (Studies in Macroeconomic History) (en Inglés)

Formato

Libro Físico

Editorial

Cambridge University Press

Autor

Eric Monnet

Año

2019

Idioma

Inglés

N° páginas

352

Encuadernación

Tapa Blanda

ISBN13

9781108400084

Categorías

Banca

Controlling Credit: Central Banking and the Planned Economy in Postwar France, 1948–1973 (Studies in Macroeconomic History) (en Inglés)

Eric Monnet (Autor) · Cambridge University Press · Tapa Blanda

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Reseña del libro "Controlling Credit: Central Banking and the Planned Economy in Postwar France, 1948–1973 (Studies in Macroeconomic History) (en Inglés)"

It is common wisdom that central banks in the postwar (1945–1970s) period were passive bureaucracies constrained by fixed-exchange rates and inflationist fiscal policies. This view is mostly retrospective and informed by US and UK experiences. This book tells a different story. Eric Monnet shows that the Banque de France was at the heart of the postwar financial system and economic planning, and that it contributed to economic growth by both stabilizing inflation and fostering direct lending to priority economic activities. Credit was institutionalized as a social and economic objective. Monetary policy and credit controls were conflated. He then broadens his analysis to other European countries and sheds light on the evolution of central banks and credit policy before the Monetary Union. This new understanding has important ramifications for today, since many emerging markets have central bank policies that are similar to Western Europe's in the decades of high growth.