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Vers une caractérisation synthétique des régimes monétaires en économie capitaliste : conceptualisation et jalons pour une application au cas du régime monétaire européen
[Towards a synthetic characterization of the monetary regime in a capitalist economy: conceptualization and milestones for an application to the case of the European monetary regime]

Author

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  • Mazzotta, Vittorio

Abstract

Nous construisons, dans cet article, une caractérisation synthétique du régime monétaire en partant des travaux régulationnistes. Nous arrivons à une présentation d’un régime monétaire en deux niveaux : le premier constituant le cadre institutionnel permettant de réguler le conflit entre capital financier et capital industriel et le deuxième correspondant à une marge de manœuvre politique servant au régime à se reproduire en temps normal et à se maintenir en l’état en cas de crise. Nous appliquons cette grille de lecture au cas de la zone euro et montrons que le capital financier surplombe le capital industriel et qu’il prend majoritairement la forme de capital fictif. Nous analysons ensuite le rôle de la politique monétaire et des mesures de réglementation financière dans ce cadre. Nous remarquons que la politique monétaire et la politique financière sont toujours effectuées en cohérence avec cet état des rapports de force entre capital financier et industriel.

Suggested Citation

  • Mazzotta, Vittorio, 2019. "Vers une caractérisation synthétique des régimes monétaires en économie capitaliste : conceptualisation et jalons pour une application au cas du régime monétaire européen [Towards a synthetic chara," Revue de la Régulation - Capitalisme, institutions, pouvoirs, Association Recherche et Régulation, vol. 26.
    • Handle: RePEc:rvr:journl:2019:15565
    DOI: 10.4000/regulation.15565
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    References listed on IDEAS

    as
    1. Cédric Durand, 2017. "Fictitious capital," Post-Print hal-02923993, HAL.
    2. Bordo, Michael D. & Schwartz, Anna J., 1999. "Monetary policy regimes and economic performance: The historical record," Handbook of Macroeconomics, in: J. B. Taylor & M. Woodford (ed.), Handbook of Macroeconomics, edition 1, volume 1, chapter 3, pages 149-234, Elsevier.
    3. Michel Aglietta, 2016. "La monnaie. Entre dettes et souveraineté," Post-Print hal-01670107, HAL.
    4. Robert Guttmann, 2016. "Finance-Led Capitalism," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-137-52989-3.
    5. Michel Aglietta & Pepita Ould Ahmed & Jean-François Ponsot, 2016. "La monnaie. Entre dettes et souveraineté," Post-Print halshs-01372330, HAL.
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    More about this item

    Keywords

    monnaie; régime monétaire; politique monétaire; régulation monétaire; théorie de la régulation;
    All these keywords.

    JEL classification:

    • E0 - Macroeconomics and Monetary Economics - - General
    • E4 - Macroeconomics and Monetary Economics - - Money and Interest Rates
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • P1 - Political Economy and Comparative Economic Systems - - Capitalist Economies

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