Colonial Banks, Credit, and Circulation: The Example of Martinique 1848-1871

Agnès Festré and Alain Raybaut

No 2018-26, GREDEG Working Papers from Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France

Abstract: In this paper, we analyze the conditions of the establishment and functioning of the French colonial Bank of Martinique during the transition period following the decree to abolish slavery in 1848. It is particularly intended to show how the Bank was able to respond to the financial constraints posed by this transition and to deal with the circulation problems that punctuated the period. This study will be conducted in three stages. In the first section, we focus on the establishment and principal operations of the colonial banks in the old French colonies, with particular emphasis on the Bank of Martinique. The second section presents an initial assessment of the operation of the Bank. Finally, the last section is devoted to the circulation problems encountered by the Bank, highlighting the conflicts of interest that underlie the different debates around this issue.

Keywords: Slavery; Colonial banking; Money circulation (search for similar items in EconPapers)
JEL-codes: B15 N2 (search for similar items in EconPapers)
Pages: 31 pages
Date: 2018-10
New Economics Papers: this item is included in nep-his
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http://195.220.190.85/GREDEG-WP-2018-26.pdf First version, 2018 (application/pdf)

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Working Paper: Colonial Banks, Credit, and Circulation: the example of martinique 1848-1871 (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:gre:wpaper:2018-26

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