IDEAS home Printed from https://ideas.repec.org/p/cgm/wpaper/61.html
   My bibliography  Save this paper

La politique financière de l'Etat italien et l'évolution du système financier

Author

Listed:
  • Antoine Gentier

    (CERGAM-CAE, Aix-Marseille Université)

  • Nathalie Janson

    (Ecole supérieure de commerce Rouen)

Abstract

La période 1861-1896 est particulièrement mouvementée en Italie relativement à l'évolution du système financier, avec la sortie de l'étalon or (1866), les successions des régimes rélementaires des banques d'émission (1861-66, 1866-74, 1874-81, 1881-93), les crises boursières (1872-73, 1892-93) et l'inflation. L'objet de l'article est de relire ces évènements à partir d'une cause centrale de déstabilisation à savoir la monétisation de la dette publique. L'objet de l'article est de présenter une synthèse des conséuences de la monétisation de la dette publiue italienne, à partir des bilans des banues d'émission et de l'évolution des cours de la Bourse de Gênes.

Suggested Citation

  • Antoine Gentier & Nathalie Janson, 2007. "La politique financière de l'Etat italien et l'évolution du système financier," CAE Working Papers 61, Aix-Marseille Université, CERGAM.
  • Handle: RePEc:cgm:wpaper:61
    as

    Download full text from publisher

    File URL: http://junon.u-3mrs.fr/afa10w21/RePEc/cgm/wpaper/DR_61_0708_Gentier.pdf
    File Function: First version, 2007
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Fratianni,Michele & Spinelli,Franco, 2005. "A Monetary History of Italy," Cambridge Books, Cambridge University Press, number 9780521023450, September.
    2. Charles Goodhart, 1988. "The Evolution of Central Banks," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262570734, April.
    3. Kevin Dowd, 1996. "Competition and Finance," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-24856-8, October.
    4. Giuseppina Gianfreda & Nathalie Janson, 2001. "Le banche di emissione in Italia tra il 1861 e il 1893: un caso di concorrenza?," Rivista di Politica Economica, SIPI Spa, vol. 91(1), pages 15-74, January.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Van Den Hauwe, Ludwig, 2006. "The Uneasy Case for Fractional-Reserve Free Banking," MPRA Paper 119085, University Library of Munich, Germany.
    2. Vittorio Daniele & Pasquale Foresti & Oreste Napolitano, 2017. "The stability of money demand in the long-run: Italy 1861–2011," Cliometrica, Springer;Cliometric Society (Association Francaise de Cliométrie), vol. 11(2), pages 217-244, May.
    3. Mervyn K. Lewis, 2014. "A theoretical perspective on Islamic banking and financial intermediation," Chapters, in: Mervyn K. Lewis & Mohamed Ariff & Shamsher Mohamad (ed.), Risk and Regulation of Islamic Banking, chapter 2, pages 11-42, Edward Elgar Publishing.
    4. Gentier Antoine, 2000. "Liberte Bancaire Ou Regulation Par Une Autorite Monetaire ?: Une Comparaison De Deux Systemes En Longue Periode: - Le Massachusetts (1803-1858) - La France (1800-1870)," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 10(1), pages 119-156, March.
    5. Chaido Dritsaki & Melina Dritsaki, 2020. "The Long-run Money Demand Function: Empirical Evidence from Italy," International Journal of Economics and Financial Issues, Econjournals, vol. 10(1), pages 186-195.
    6. Nicholas A. Curott & Tyler Watts & Benjamin R. Thrasher, 2020. "Government-Cheerleading Bias in Money and Banking Textbooks," Econ Journal Watch, Econ Journal Watch, vol. 17(1), pages 1-98–151, March.
    7. Alberto Giovannini, 1990. "European Monetary Reform: Progress and Prospects," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 21(2), pages 217-292.
    8. Edward J. Green & Richard M. Todd, 2001. "Thoughts on the Fed's role in the payment system," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 25(Win), pages 12-27.
    9. Hiroshi Fujiki & Edward J. Green & Akira Yamazaki, 1999. "Sharing the risk of settlement failure," Working Papers 594, Federal Reserve Bank of Minneapolis.
    10. Josh Ryan-Collins, 2015. "Is Monetary Financing Inflationary? A Case Study of the Canadian Economy, 1935-75," Economics Working Paper Archive wp_848, Levy Economics Institute.
    11. Antoine Gentier & Giusepina Gianfreda & Nathalie Janson, 2011. "Rent dissipation or government predation ? The notes issuance activity in Italy 1865-1882," Post-Print hal-00735325, HAL.
    12. Andrianova, Svetlana & Demetriades, Panicos & Xu, Chenggang, 2011. "Political Economy Origins of Financial Markets in Europe and Asia," World Development, Elsevier, vol. 39(5), pages 686-699, May.
    13. Philipp Bagus & David Howden, 2016. "The economic and legal significance of “full” deposit availability," European Journal of Law and Economics, Springer, vol. 41(1), pages 243-254, February.
    14. MARTÍNEZ-RUIZ, Elena & NOGUES-MARCO, Pilar, 2018. "The Political Economy of Exchange Rate Stability During the Gold Standard. Spain 1874—1914," Discussion paper series HIAS-E-75, Hitotsubashi Institute for Advanced Study, Hitotsubashi University.
    15. Winkler, Adalbert, 2013. "Der lender of last resort vor Gericht," Frankfurt School - Working Paper Series 206, Frankfurt School of Finance and Management.
    16. Seok Gil Park, 2009. "Quasi-Fiscal Policies of Independent Central Banks and Inflation," CAEPR Working Papers 2009-020, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington.
    17. tattara, Giuseppe, 1995. "Bilancia dei pagamenti, movimenti dei capitali ed equilibrio interno nei primi 50 anni del regno d'Italia [Balance of payments, capital movements, domestic equilibrium in the first 50 years of the ," MPRA Paper 39086, University Library of Munich, Germany.
    18. Tattara, Giuseppe, 2003. "Paper money but a gold debt: Italy on the gold standard," Explorations in Economic History, Elsevier, vol. 40(2), pages 122-142, April.
    19. Hautcoeur, Pierre-Cyrille & Riva, Angelo & White, Eugene N., 2014. "Floating a “lifeboat”: The Banque de France and the crisis of 1889," Journal of Monetary Economics, Elsevier, vol. 65(C), pages 104-119.
    20. Angelo Federico Arcelli & Reiner Stefano Masera & Giovanni Tria, 2021. "Da Versailles a Bretton Woods e ai giorni nostri: errori storici e modelli ancora attuali per un sistema monetario internazionale sostenibile (From Bretton Woods to our days: Historic mistakes and mod," Moneta e Credito, Economia civile, vol. 74(296), pages 249-273.

    More about this item

    JEL classification:

    • N13 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: Pre-1913
    • N23 - Economic History - - Financial Markets and Institutions - - - Europe: Pre-1913
    • N43 - Economic History - - Government, War, Law, International Relations, and Regulation - - - Europe: Pre-1913
    • N83 - Economic History - - Micro-Business History - - - Europe: Pre-1913

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cgm:wpaper:61. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Mathieu Bédard (email available below). General contact details of provider: https://edirc.repec.org/data/caam3fr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.