L'actualité d'un "Traité sur la monnaie"

2020

"La monnaie et le crédit dans le développement industriel: le cas de Marseille à la lumière de l'expérience anglaise"

2020

International audience

The firsts theories of the term structure of interest rates : Irving Fisher (1867-1947) and John Maynard Keynes (1883-1946)

2018

The study of the term structure of interest rates is relatively new in the field of economics. It has become a sub-discipline since the 1960s. Many empirical researches are now devoted to it in central banks departments. Although John Maynard Keynes (1930, 1936) and Irving Fisher (1896, 1930) are known to have elaborated a first version of this theory, literature expressed little interest in the understanding of the context in which their theories has emerged. Fisher has not received much attention so far, while he is known to be the founder of the theory of the term structure of interest rates. Interestingly, he made this theory while the Federal Reserve System was inexistent in the United…

Ursula Hicks and Vera Lutz’s Contributions to Development Finance

2018

International audience; This paper analyses the different approaches of two pioneering economists in the field of development finance, Ursula Kathleen Hicks (1896-1985) and Vera Constance Lutz (1912-1976). While research in economics in the 1950s focuses predominantly on finance in already developed countries (Goldsmith, 1969 and Gurley and Shaw, 1955), Hicks and Lutz extended the analysis to developing countries and/or regions – an original initiative for this period of time. Interested in the study of money and banking, Hicks and Lutz nevertheless had different beliefs on the way to promote economic development. This difference of thought comes from differing philosophical backgrounds.

La monnaie et les banques au travers des écrits de Jean-Baptiste Say

2016

La monnaie et le crédit dans le développement pré-industriel: le cas de Marseille

2019

International audience

Guerre et paix: les conceptions économiques des relations internationales

2019

Cet article retrace les réflexions économiques qui ont alimenté les débats sur la politique internationale du xviie siècle au xixe siècle, et entretenu des rapports ambigus avec la guerre et la paix.

Limits to Arbitrage and Interest Rates: a Debate Between Keynes, Hawtrey and Hicks

2018

International audience; This paper deals with a debate between Hawtrey, Hicks and Keynes concerning the capacity of the central bank to influence the short-term and the long-term rates of interest. Both Hawtrey and Keynes considered the central bank’s ability to influence short-term rates of interest. However, they do not put the same emphasis on the study of the long-term rates of interest. According to Keynes, long-term rates are influenced by future expected short-term rates (1930, 1936), whereas for Hawtrey (1932, 1937, 1938), long-term rates are more dependent on the business cycle. Short-term rates do not have much effect on long-term rates according to Hawtrey. In 1939, Hicks enters …