Advanced Search
MyIDEAS: Login to save this article or follow this journal

The state, banks and financing of investments in France from World War II to the 1970s


Author Info



This article examines how corporate financing has been adjusted during the high growth period after World War II. First, it discusses how the Ministry of Finance tried on the one hand to liberalise the system after the 1950s, but on the other hand, did not want to undermine the Treasury circuit that allowed its administration to control the economic situation. Secondly, during 1960s, the relationships between state and banking industry became so tight that they strengthened the banking cartel and increased the banking system s contribution to the financial system. The high costs of issuing capital in France contrast with the low interest rates during the period. The French choice of financial system for economic development clearly did not favour markets, but focused on deposit and investment banks, and settled on both a state-based and bank-based system.

Download Info

If 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.
File URL:
File Function: link to article abstract page
Download Restriction: no

Bibliographic Info

Article provided by Cambridge University Press in its journal Financial History Review.

Volume (Year): 12 (2005)
Issue (Month): 01 (April)
Pages: 63-86

as in new window
Handle: RePEc:cup:fihrev:v:12:y:2005:i:01:p:63-86_00

Contact details of provider:
Postal: The Edinburgh Building, Shaftesbury Road, Cambridge CB2 2RU UK
Fax: +44 (0)1223 325150
Web page:

Related research



No references listed on IDEAS
You can help add them by filling out this form.


Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Luciano Amaral, 2013. "Imperfect but Hard Competition: the Portuguese Banking Sector in the Golden Age (1950-1973)," FEUNL Working Paper Series wp575, Universidade Nova de Lisboa, Faculdade de Economia.


This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.


Access and download statistics


When requesting a correction, please mention this item's handle: RePEc:cup:fihrev:v:12:y:2005:i:01:p:63-86_00. See general 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: (Keith Waters).

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.