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standard and endured a sustained inflation, France remained on a bimetallic standard for the war's duration. For wars of … inflation tax although in practice it was not a major source of wartime finance. France, on the other hand, had squandered her …
Persistent link: https://www.econbiz.de/10012475516
history of six countries where there is sufficient information, three in Europe (England, France, and Italy) and three in the …
Persistent link: https://www.econbiz.de/10012457822
-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/10012457929
Over the course of the nineteenth century, the struggles of Paris Bourse to manage counterparty risk revealed the awkward choices that face derivatives exchanges. Shortly after it was founded, the stock exchange, primarily a forward market, instituted a mutual guarantee fund to prevent broker...
Persistent link: https://www.econbiz.de/10012463016
from the Bank of France, intermediated by the largest banks, prevented a closure of the Bourse …
Persistent link: https://www.econbiz.de/10012465723
The occupation payments made by France to Nazi Germany between 1940 and 1944 represent one of the largest recorded … French policies that funded payments to Germany. Occupation payments required a 16 percent reduction of consumption for … twenty years, with the draft of labor to Germany and wage and price controls adding substantially to this burden. Vichy …
Persistent link: https://www.econbiz.de/10012466518
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/10012458581