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Les modes de régulation de la monnaie bancaire : l'exemple de la France au XXe siècle

Author

Listed:
  • Augustin Sersiron

    (ICP - Institut Catholique de Paris (ICP), Institut Veblen)

Abstract

We show that bank money is characterized by its embeddedness in the debt market, making it a properly capitalist form of money. Analysing its intrinsic instability, we construct the theoretical problem of its reproduction and show that only the institutional equilibria of a mode of regulation can temporarily respond to it, until its internal contradictions prevail. The study of twentieth-century France then provides a case study of such an institutionalist approach, allowing us to discuss the circuitists' confidence in endogenous money.

Suggested Citation

  • Augustin Sersiron, 2024. "Les modes de régulation de la monnaie bancaire : l'exemple de la France au XXe siècle," Working Papers hal-04601440, HAL.
    • Handle: RePEc:hal:wpaper:hal-04601440
    Note: View the original document on HAL open archive server: https://hal.science/hal-04601440
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