de Boyer des Roches, Jérôme; Diatkine, Sylvie - Université Paris-Dauphine (Paris IX) - 2008
synthesis between the Banking School and the Currency School. On the contrary, we show that it marks the victory of the Currency … Currency Principle, cannot be confused with the gold points mechanism described by Thornton and Tooke. The lender of last … resort and money market theories developed by Bagehot are compatible with the dichotomy between currency and credit, a …