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26946 results in Economic history

Page 192 of 1348

Controlling Credit
  • Central Banking and the Planned Economy in Postwar France, 1948–1973
  • Eric Monnet
  • Published online:
    29 October 2018
    Print publication:
    15 November 2018
  • It is common wisdom that central banks in the postwar (1945–1970s) period were passive bureaucracies constrained by fixed-exchange rates and inflationist fiscal policies. This view is mostly retrospective and informed by US and UK experiences. This book tells a different story. Eric Monnet shows that the Banque de France was at the heart of the postwar financial system and economic planning, and that it contributed to economic growth by both stabilizing inflation and fostering direct lending to priority economic activities. Credit was institutionalized as a social and economic objective. Monetary policy and credit controls were conflated. He then broadens his analysis to other European countries and sheds light on the evolution of central banks and credit policy before the Monetary Union. This new understanding has important ramifications for today, since many emerging markets have central bank policies that are similar to Western Europe's in the decades of high growth.

Twentieth-Century South Africa
  • A Developmental History
  • Bill Freund
  • Published online:
    26 October 2018
    Print publication:
    25 October 2018
  • The twentieth century has brought considerable political, social, and economic change for South Africa. While many would choose to focus only on the issues of race, segregation, and apartheid, this book tries to capture another facet: its drive towards modernisation and industrialisation. While considering the achievements and failures of that drive, as well as how it related to ethnic and racial policy making, Bill Freund makes the economic data come alive by highlighting people and places. He proposes that South Africa in the twentieth century can actually be understood as a nascent developmental state, with economic development acting as a key motivating factor. As a unique history of South Africa in the twentieth century, this will appeal to anyone interested in a new interpretation of modern South African economic development or those in development studies searching for striking historical examples.

Page 192 of 1348