La Politique D'Escompte De La Banque De France Et Ses Permanences (1857-1870)
AbstractPrincipal dispenser of the credit in a country which was eager for it, endowed with an exclusive privilege, the Banque de France maintained its discount rate at the fixed level of 4 % during more than 26 years, from 1820 to 1847. The violence and the recurrence of the monetary crises, the transformations of the payment conditions, the development of new economic theories on the solidarity of financial markets, led it to apply a policy of mobility of its discount rate, which constitutes a major break with its previous practices. Further debates develop among the economists about the consequences of this policy and about the opportunity of the mobility of the discount, in the new perspective of the solidarity of financial markets. They join former controversies, which the policy of mobility revived, on the missions which involve to the Bank in credit: saint simoniens and defenders of the Bank keep fighting on the new battlefield of the mobility of the discount. If the controversies on the monopoly and the freedom of issue widely hid these former and new debates on the mobility of the discount, these last ones nonetheless remain alive and rich from the point of view of the economic analysis.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by L'Harmattan in its journal Cahiers d'économie Politique.
Volume (Year): (2007)
Issue (Month): 52 ()
Contact details of provider:
Web page: http://www.cahiersdecopo.fr/fr/
Postal: 142 rue du faubourg Saint-Martin. 75010 Paris, France.
Find related papers by JEL classification:
- B12 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Classical (includes Adam Smith)
- E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
- E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Carlos Andrés Vasco Correa).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.