{"id":864,"date":"2014-10-14T00:00:00","date_gmt":"2014-10-14T00:00:00","guid":{"rendered":"https:\/\/ecodef-ihedn.fr\/financial-improvisations-during-world-war-i-in-france-issues-of-liquidity\/"},"modified":"2020-04-30T10:52:05","modified_gmt":"2020-04-30T10:52:05","slug":"financial-improvisations-during-world-war-i-in-france-issues-of-liquidity","status":"publish","type":"post","link":"https:\/\/ecodef-ihedn.fr\/en\/financial-improvisations-during-world-war-i-in-france-issues-of-liquidity\/","title":{"rendered":"Financial improvisations during World War I in France: Issues of liquidity"},"content":{"rendered":"

Article by Bertrand Blancheton.<\/p>\n

Abstract<\/span>
\nThis article highlights the improvisations in financial management during World War I. The
\noption of a moratorium on bank deposits to the detriment of rediscount reflected a refusal to
\nallow the Banque de France to fulfil its role of lender of last resort. The precipitated choice of
\na preference for a floating debt laid the foundation for a loss of control over the money market
\nby the French monetary authorities. The article questions the relationship of WWI
\ncontemporaries with liquidity.<\/p>","protected":false},"excerpt":{"rendered":"

Article de Bertrand Blancheton. Abstract This article highlights the improvisations in financial management during World War I. The option of a moratorium on bank deposits to the detriment of rediscount reflected a refusal to allow the Banque de France to fulfil its role of lender of last resort. The precipitated choice of a preference for […]<\/p>\n","protected":false},"author":1,"featured_media":564,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[360],"tags":[],"class_list":{"0":"post-864","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-actualites-du-reseau"},"yoast_head":"\nFinancial improvisations during World War I in France: Issues of liquidity - Chaire \u00c9conomie de d\u00e9fense - IHEDN<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ecodef-ihedn.fr\/en\/financial-improvisations-during-world-war-i-in-france-issues-of-liquidity\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Financial improvisations during World War I in France: Issues of liquidity - Chaire \u00c9conomie de d\u00e9fense - IHEDN\" \/>\n<meta property=\"og:description\" content=\"Article de Bertrand Blancheton. Abstract This article highlights the improvisations in financial management during World War I. The option of a moratorium on bank deposits to the detriment of rediscount reflected a refusal to allow the Banque de France to fulfil its role of lender of last resort. 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