| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP799 |
| DP799 Real and Monetary Aspects of French Exchange Rate Policy Under the Fourth Republic | |
| Gilles Saint-Paul | |
| 发表日期 | 1993-07-31 |
| 出版年 | 1993 |
| 语种 | 英语 |
| 摘要 | This paper studies French exchange rate policy during the 1940s and 1950s from the point of view of two contrasting theories: the theory of collapsing exchange rate regimes and the intertemporal approach to the balance of payments. While the first theory suggests that monetary policy credibility has played a role in French balance of payments crises, the second implies that a more favourable exchange rate should have prevailed, along with more foreign borrowing. The effects of trade controls on growth are also estimated and are found to be negative and significant. |
| 主题 | International Macroeconomics |
| 关键词 | Balance of payments Exchange rates France monetary policy Post-war reconstruction Speculative attacks |
| URL | https://cepr.org/publications/dp799 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/529960 |
| 推荐引用方式 GB/T 7714 | Gilles Saint-Paul. DP799 Real and Monetary Aspects of French Exchange Rate Policy Under the Fourth Republic. 1993. |
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