Endettement public et instabilité du système financier Le cas de l'Italie 1861-1896

Antoine Gentier ()
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Antoine Gentier: AMSE - Aix-Marseille Sciences Economiques - EHESS - École des hautes études en sciences sociales - AMU - Aix Marseille Université - ECM - École Centrale de Marseille - CNRS - Centre National de la Recherche Scientifique

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Abstract: The period 1861-1896 was particularly eventful in Italy with regard to the evolution of the financial system, with the departure of the gold standard (1866), the succession of regulatory regimes of issuing banks (1861-66, 1866-74, 1874-81, 1881-93), stock market crises (1872-73, 1892-93) and inflation. The purpose of this article is to re-read these events from a central cause of destabilization, namely the monetization of public debt. The purpose of this article is to present a synthesis of the consequences of the monetization of the Italian public debt, based on the balance sheets of the banks and the evolution of the prices of the Genoa Stock Exchange.

Keywords: Création monétaire; Crises boursières; Inflation; Monétisation de la dette publique; Italie; Régimes monétaires; Système financier (search for similar items in EconPapers)
Date: 2013
Note: View the original document on HAL open archive server: https://hal.science/hal-05094856v1
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Published in Revue d'économie appliquée, 2013, 1 (1)

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