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Eric Monnet is a senior economist at the Bank of France, a Professor in Economic History at the Paris School of Economics, and a research affiliate at the Centre for Economic Policy Research (CEPR).
Introduction; Part I. Institutionalizing Credit: Introduction to Part I:
chronology and methodology; 1. French credit policies before 1945; 2. The
nationalization of credit from 1945 to the late 1950s; 3. Development then
gradual de-institutionalization: the 1960s and 1970s; Part II. Managing
Credit: 4. Monetary policy without interest rates. Domestic macroeconomic
effects and international issues of credit controls; 5. Blurred lines. The
two faces of Banque de France loans to the Treasury (1948-73); 6. Financing
the postwar Golden Age. The Banque de France, 'investment credit' and
capital allocation; 7. The rise and fall of national credit policies.
Implications for the history of European varieties of capitalism and
monetary integration; Conclusion.