In this paper, we try to investigate the rationale for using the Fiscal Theory of the Price Level (FTPL) as a relevant theoretical framework for analysing French and German monetary experiences in the Interwar period. This approach involves considering the evolution of public debt as the main...

This paper challenges the conventional view of the existence of a pure floating regime in France during the mid-1920’s. Our study of the archives of the Bank of France and the French Ministry of Finance, as well as a thourough examination of the exchange rates (FRF/USD) and (FRF/GBP) during...

This contribution is highlighted the quite striking paradox between the dominant discourse over the last twenty years or so, calling on the State to reduce its role, and the stability or even inertia of the major macroeconomic aggregates (public spending to GDP, tax burden), the permanent budget...

Comparing the degree of openness of different national economies or the variations of openness during different periods is a difficult task. Using the historical data existing for France since the beginning of the 19th century, we try to show how an accurate and consistent picture of the gradual...

In this article, we propose to evaluate the robustness of the main indicators of international financial integration by indicating their principal results as well as their limits. Empirical studies, whatever the indicator of integration which is chosen, conclude that the recent period is...

For three years under Pompidou’s presidency, Chaban Delmas had to restart the process of modernising and industrialising French economy whilst altogether trying to put a ceiling to the inflationary trends spurred by the “May 68” events and the large easiness in wages increases and in...

The purpose of this paper is to reappraise Montesquieu’s thinkings in economy. To Joseph Schumpeter his economic is insignificant - without originality force, or scholarship. According to John-Maynard Keynes, Montesquieu was the real French equivalent of Adam Smith, the greatest of French...