Rueff Versus de Lattre: A French Money Doctors’ Duel for Influence Over de Gaulle

Maylis Avaro

A chapter in Money Doctors Around the Globe, 2024, pp 355-369 from Springer

Abstract: Abstract In the early sixties, the U.S. and U.K. balance of payments deficits threatened the stability of Bretton Woods international monetary system. Jacques Rueff campaigned for its termination and the return to a system based only on gold, as in the nineteenth century. He encouraged French president Charles de Gaulle to publicly advocate the abandonment of the international currency role of the U.S. dollar. However, among de Gaulle’s inner circle, André de Lattre tried to persuade the President to cooperate with the U.S. in safeguarding the stability of the system. Their arguments present diverging interpretations of the functioning of the international monetary order. This chapter presents the trajectories of these two money doctors and their endeavor to sway de Gaulle’s perspective.

Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:stechp:978-981-97-0134-6_19

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DOI: 10.1007/978-981-97-0134-6_19

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