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Les improvisations financière de la guerre de 1914-1918 en France. Les enjeux de la liquidité

Author

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  • Bertrand BLANCHETON

Abstract

Cet article met en exergue les improvisations dans la gestion financière de la guerre. Le choix d’un moratoire des dépôts bancaires au détriment du réescompte traduit un refus de faire jouer à la Banque de France un rôle de préteur en dernier ressort. Le choix précipité de privilégier la dette flottante pose les bases d’une perte de contrôle du marché monétaire par les autorités monétaires françaises. L’article questionne le rapport des contemporains avec la liquidité.

Suggested Citation

  • Bertrand BLANCHETON, 2014. "Les improvisations financière de la guerre de 1914-1918 en France. Les enjeux de la liquidité," Cahiers du GREThA (2007-2019) 2014-03, Groupe de Recherche en Economie Théorique et Appliquée (GREThA).
    • Handle: RePEc:grt:wpegrt:2014-03
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    File URL: http://cahiersdugretha.u-bordeaux.fr/2014/2014-03.pdf
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    Cited by:

    1. Gianni Toniolo & Eugene N. White, 2015. "The Evolution of the Financial Stability Mandate: From Its Origins to the Present Day," NBER Working Papers 20844, National Bureau of Economic Research, Inc.

    More about this item

    Keywords

    Première Guerre mondiale; Finance; Banque de France; liquidité.;
    All these keywords.

    JEL classification:

    • N24 - Economic History - - Financial Markets and Institutions - - - Europe: 1913-

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