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

Listed author(s):
  • Remy Contamin
  • Caroline Denise
Registered author(s):

    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.

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    Article provided by CEPII research center in its journal Economie Internationale.

    Volume (Year): (1999)
    Issue (Month): 78 ()
    Pages: 59-84

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    Handle: RePEc:cii:cepiei:1999-2tb
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