Showing 1 - 10 of 139
When faced with a run on a "systemically important" but insolvent bank in 1889, the Banque de France pre …
Persistent link: https://www.econbiz.de/10013054521
-inconsistency problem and moral hazard. Reviewing the evidence for central banks' crisis management in the U.S., the U.K. and France from …
Persistent link: https://www.econbiz.de/10013031481
Persistent link: https://www.econbiz.de/10012109724
Persistent link: https://www.econbiz.de/10012111632
Persistent link: https://www.econbiz.de/10000707476
Central banks have evolved for close to four centuries. This paper argues that for two centuries central banks caught up to the strategies followed by the leading central banks of the era; the Bank of England in the eighteenth and nineteenth centuries and the Federal Reserve in the twentieth...
Persistent link: https://www.econbiz.de/10012947026
implement a case-study on the response of banks in France, Germany, Italy and Spain to a monetary tightening. The episode we …
Persistent link: https://www.econbiz.de/10013235277
The paper explores the implications of high debt for monetary policy. In Europe, debt (and deficits) play a special role at present in the run up to Maastricht because large debts are seen as a threat to the integrity of the new European money. The paper reviews two historical episodes-- the...
Persistent link: https://www.econbiz.de/10013237258
This paper examines the recently noted finding that the Classical gold standard represented a credible, well-behaved target zone system from the perspective of the well-documented failure of countries to play by the rules of the game in the classical period. In particular, we test an hypothesis...
Persistent link: https://www.econbiz.de/10013239352
period 1926-1931 and on France's resistance to the Great Depression. France expanded rapidly after 1926 and, unlike the other …
Persistent link: https://www.econbiz.de/10013215366