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Quelle autonomie pour les politiques monetaires sous l’etalon-or, 1880-1913 ?


  • Remy Contamin
  • Caroline Denise


Cet article analyse le degre d’autonomie des politiques de la Banque d’Angleterre, de la Banque de France et de la Reichsbank dans le cadre de l’etalon-or classique (1880-1913). Caracterisee par une stabilite des changes et une integration financiere croissante, cette periode aurait du connaitre une homogeneite des politiques monetaires. Contestant le role de "chef d’orchestre" attribue par Keynes (1930) a la Banque d’Angleterre, cette etude montre que des structures nationales dissemblables ont genere une configuration decentralisee des relations monetaires internationales et ont offert des modalites d’ajustement variables suivant les pays.

Suggested Citation

  • Remy Contamin & Caroline Denise, 1999. "Quelle autonomie pour les politiques monetaires sous l’etalon-or, 1880-1913 ?," Economie Internationale, CEPII research center, issue 78, pages 59-84.
  • Handle: RePEc:cii:cepiei:1999-2tb

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    Cited by:

    1. Bazot, Guillaume & Bordo, Michael D. & Monnet, Eric, 2016. "International shocks and the balance sheet of the Bank of France under the classical gold standard," Explorations in Economic History, Elsevier, vol. 62(C), pages 87-107.
    2. Morys, Matthias, 2013. "Discount rate policy under the Classical Gold Standard: Core versus periphery (1870s–1914)," Explorations in Economic History, Elsevier, vol. 50(2), pages 205-226.

    More about this item

    JEL classification:

    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • N13 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: Pre-1913


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