« La théorie positive de la monnaie » de Nogaro: contribution à l’explication des phénomènes hyperinflationnistes

Daouda Drabo

Revue d'économie politique, 2021, vol. 131, issue 1, 107-135

Abstract: This article proposes a reconstitution of Nogaro?s approach to monetary phenomena, and highlights his contribution to the explanation of hyperinflationary phenomena. To do this, we present his methodological approach and his conception of money: the historical method and monetary nominalism. These led him to propose an original interpretation of the hyperinflationary crises that emerged in the aftermath of the two Great World Wars. He emphasizes the importance of the exchange rate and monetary practices in the dynamics of hyperinflationary phenomena; elements of analysis that are later found among francophone monetary institutionalists and post-Keynesian authors. Nogaro has also sought to propose international monetary reform to remedy exchange rate instability.

Keywords: Monetary phenomenon; foreign exchange; monetary practices; hyperinflationary crisis (search for similar items in EconPapers)
Date: 2021
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