| Titre | Mouvements de capitaux et crises de change au début des années quatre-vingt | |
|---|---|---|
| Auteur | Hélène Ewenczyk, Olivier Davanne | |
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Revue | Economie et prévision |
| Numéro | no 90, 1989/4 Patrimoins, dettes, taux d'intérêt | |
| Rubrique / Thématique | Notes |
|
| Page | 131-140 | |
| Résumé anglais |
Capital Movements and Exchange Rate Crisis in the Early Eighties (1981-1986),
by Olivier Davanne, Hélène Ewenczyk.
On the basis of a historical analysis, this article is an attempt to evaluate the efficiency of the foreign exchange control between 1981 and 1986 in France. The balance of payments statistics of the Bank of France provides a framework for this analysis. It enables to measure foreign account disequilibriums and capital movements, whether speculative or not, which were partially responsible for this situation. As a conclusion, even though the exchange control did succeed in keeping down the particularly unfavorable expectations on the exchange market by means of real constraints on the most speculative capital movements, it did not succeed in avoiding the parity adjustments positively required in view of the severe degradation of French foreign accounts in the early 1980's. Source : Éditeur (via Persée) |
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| Article en ligne | http://www.persee.fr/web/revues/home/prescript/article/ecop_0249-4744_1989_num_90_4_5131 |
