Postwar monetary policy in France

Authors

  • J.S.G. WILSON

DOI:

https://doi.org/10.13133/2037-3643/12768

Keywords:

France, post-war monetary policy, credit control, ceiling technique, interest rate policy, qualitative controls, quantitative measures

Abstract

The work traces France’s post-war monetary policy up to 1954, throwing light both on the guiding principles of recent French monetary policy and on the comparative effectiveness of the various concrete measures of credit control. From among the “lessons” that may be drawn from this highly varied and changing experience the author emphasises the desirability of combining the “ceiling technique” with a positive and discriminating interest rate policy; the low degree of effectiveness of qualitative controls prior to the introduction of quantitative measures; and the necessity that credit controls should be comprehensive and complementary so that they may influence the entire money and capital market.

 

JEL: E52, E58

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How to Cite

WILSON, J. (2014). Postwar monetary policy in France. PSL Quarterly Review, 8(32). https://doi.org/10.13133/2037-3643/12768

Issue

Vol. 8 No. 32 (1955)

Section

Editorial

License

 
 
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