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Paperback Managing the Franc Poincar: Economic Understanding and Political Constraint in French Monetary Policy, 1928 1936 Book

ISBN: 0521522846

ISBN13: 9780521522847

Managing the Franc Poincar: Economic Understanding and Political Constraint in French Monetary Policy, 1928 1936

(Part of the Studies in Macroeconomic History Series)

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Book Overview

Defense of the franc Poincar ; dominated French economic policy during the Depression. While most countries took their currencies off gold to permit a wider range of domestic policies to foster recovery, in France policy makers resolved to preserve the gold parity of the franc by balancing the budget and lowering domestic prices. Novelty and experimentation were rejected in the conviction that a durable recovery was possible only through a return...

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