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Dettes publiques et stabilité monétaire en Europe : les leçons de l'étalon or

Author

Listed:
  • Marc Flandreau

    (Centre for Finance and Development - GRADUATE INSTITUTE OF INTERNATIONAL AND DEVELOPMENT STUDIES)

  • Jacques Le Cacheux

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

Abstract

Dans cet article, nous mettons en évidence que l'étalon or se présente comme une gigantesque accumulation de dettes publiques et nous dégageons plusieurs hypothèses relatives aux facteurs réels et monétaires ayant permis cette accumulation. En second lieu, en nous concentrant sur les " pathologies " de l'étalon or, nous insistons sur les motifs systémiques et nationaux ayant facilité le développement ou au contraire la résolution de ces difficultés.

Suggested Citation

  • Marc Flandreau & Jacques Le Cacheux, 1997. "Dettes publiques et stabilité monétaire en Europe : les leçons de l'étalon or," SciencePo Working papers Main hal-01027627, HAL.
    • Handle: RePEc:hal:spmain:hal-01027627
    DOI: 10.3406/reco.1997.409893
    Note: View the original document on HAL open archive server: https://hal-sciencespo.archives-ouvertes.fr/hal-01027627
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    References listed on IDEAS

    as
    1. Crafts, N F R, 1984. "Patterns of Development in Nineteenth Century Europe," Oxford Economic Papers, Oxford University Press, vol. 36(3), pages 438-458, November.
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    Cited by:

    1. Dufrénot, G. & Triki, K., 2012. "Public debt ratio and its determinants in France since 1890 Does econometrics support the historical evidence?," Working papers 385, Banque de France.

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    More about this item

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • N13 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: Pre-1913

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