L'autonomie de la Banque de France de la Grande Guerre à la loi du 4 août 1993

Bertrand Blancheton ()

Revue d'économie financière, 2014, vol. N° 113, issue 1, 157-178

Abstract: This paper analyses Banque de France?s independence during the 20th century. The contribution highlights a tradition of government intervention to drive monetary policy in order to finance government spending. During the 1980s, it was particularly difficult to reform the Banque de France Act implemented in January 1973. Only a hard foreign constraint (international capital mobility and European integration) push to adopt a new law in 1993 (August 4) with an important degree of independence.

Date: 2014
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