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Les différents usages de l'étalon monétaire

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  • Ghislain Deleplace

Abstract

[fre] L'objet de l'article est de clarifier le sens dans lequel le concept d'étalon monétaire est spécifique, à partir de son traitement chez Ricardo. Il est soutenu que, même dans un régime métallique, tout lien entre l'étalon de la valeur de la monnaie et l'étalon de la valeur réelle des marchandises doit être rompu ; cela ne compromet pas la capacité de l'étalon monétaire à stabiliser le niveau général des prix. Son principal usage, applicable à tout régime monétaire, est cependant de favoriser l'acceptation de l'unité de compte légale par les agents économiques ; contre l'approche moderne du "Free Banking", ce résultat est conditionné par l'existence d'une monnaie centrale. [eng] The purpose of the paper is to clarify in which sense the specificity of the concept of a monetary standard may be derived from its treatment by Ricardo. It shows that, even in a metallic regime, any link between the standard of the value of money and the standard of the real value of commodities must be broken ; this does not prevent the monetary standard from stabilizing the general price level. Its main use in any monetary regime is however to facilitate the adoption of the legal unit of account by economic agents ; in contrast with the modern "Free Banking" approach, the existence of a central money is the condition of that outcome.

Suggested Citation

  • Ghislain Deleplace, 1994. "Les différents usages de l'étalon monétaire," Cahiers d'Économie Politique, Programme National Persée, vol. 23(1), pages 101-113.
    • Handle: RePEc:prs:caecpo:cep_0154-8344_1994_num_23_1_1158
    DOI: 10.3406/cep.1994.1158
    Note: DOI:10.3406/cep.1994.1158
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    References listed on IDEAS

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    1. Maria Cristina Marcuzzo & Annalisa Rosselli, 1994. "The standard commodity and the standard of money," Cahiers d'Économie Politique, Programme National Persée, vol. 23(1), pages 19-31.
    2. Greenfield, Robert L & Yeager, Leland B, 1983. "A Laissez-Faire Approach to Monetary Stability," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 15(3), pages 302-315, August.
    3. Marie-Thérèse Boyer & Ghislain Deleplace & Lucien Gillard, 1992. "A la recherche d'un âge d'or des marchés financiers : intégration et efficience au XVIIIe siècle," Cahiers d'Économie Politique, Programme National Persée, vol. 20(1), pages 33-65.
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