Des banques départementales aux succursales de la Banque de France: le cas de Toulouse (1838-1860)

Stefano Ugolini ()
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Stefano Ugolini: LEREPS - Laboratoire d'Etude et de Recherche sur l'Economie, les Politiques et les Systèmes Sociaux - UT Capitole - Université Toulouse Capitole - UT - Université de Toulouse - UT2J - Université Toulouse - Jean Jaurès - UT - Université de Toulouse - Institut d'Études Politiques [IEP] - Toulouse - ENSFEA - École Nationale Supérieure de Formation de l'Enseignement Agricole de Toulouse-Auzeville

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Abstract: This article reconstructs the specificities of the process of creation of a national monetary system in France, by focusing on the case of the foundation of a departmental bank in Toulouse and its eventual transformation into a Bank of France's branch. While the Bank of France encouraged departmental banks to discount local bills of exchange, it prevented them from discounting bills payable on other provincial places, thus leaving them in a situation of structural dependence from the management of bullion flows by Paris. The contradictions inherent to this "partial externalization" of monetary functions exploded in 1848, leading to a "reinternalization" of such functions by the Bank and to the establishment of a truly national system.

Keywords: Banque centrale; Succursales de la Banque de France; Système des paiements; Escompte; Externalisation (search for similar items in EconPapers)
Date: 2024-12-31
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Published in Revue Française d'Histoire Economique, A paraître

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04872613

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