Éric Monnet

Biographic Data

ID3610027
NAMEÉric Monnet
GIVEN NAMESÉric
FAMILY NAMEMonnet
SIGNATUREMONNET É
AFFILIATIONSEcole des Hautes Etudes en Sciences Sociales, Paris School of Economics, and Center for Economic Policy Research
VERIFIEDNo
TOTAL WORKS37
TOTAL CITATIONS9
AUTHOR COUNT37
EDITOR COUNT0
FIRST PUBLICATION YEAR2009
LATEST PUBLICATION YEAR2026
H-INDEX2

  • Persistence in a changing world: Gold backing and monetary policy autonomy under Bretton Woods

    Open AccessÉ Monnet, Éric MonnetARTICLEThe Economic History Review2026References: 2

    The Bretton Woods system is often described as freeing national monetary policies from the gold‐reserve constraints of the gold standard. Breaking the ‘gold fetters’ was essential to the embedded liberalism and economic interventionism of the post‐war era. Yet gold retained a crucial role: monetary authorities backed currency with gold reserves, both de facto and de jure, frequently maintaining gold cover ratios comparable to those of the gold st…

  • Cryptomercantilism vs. Monetary Sovereignty

    Open AccessJens Van ’t Klooster, Jens van 't Klooster et al.ARTICLESSRN Electronic Journal2025

  • Organiser et financer l’économie de guerre

    Alex Amiotte Suchet, É Monnet et al.ARTICLERegards croisés sur l'économie/Rega…2025References: 2

    Dans cet entretien, Éric Monnet revient sur la manière dont les conflits militaires modifient l’intervention publique et le financement de l’économie. Il montre par quels dispositifs s’organisent les « économies de guerre

  • The Great Expansion: The Exceptional Spread of Bank Branches In Interwar France

    Open AccessEmilie Bonhoure, Hadrien Clausse et al.ARTICLESSRN Electronic Journal2024

  • The great expansion: The exceptional spread of bank branches in interwar France

    Emilie Bonhoure, Hadrien Clausse et al.ARTICLEBusiness History2024References: 41

    Using newly collected data at the city level between 1910 and 1938, this article shows that, after World War I, France experienced an unprecedented expansion in bank branches mostly due to the creation of temporary branches in rural areas. The banking crisis in early 1930s paused this expansion. Nevertheless, the number of bank branches per capita remained four times higher than before the war. Also, the expansion of bank branches was not associa…

  • Balance of Power: Central Banks and the Fate of Democracies

    É Monnet, Éric Monnet et al.BOOKBalance of Power2024Cited by: 6

  • The Great Depression as a Savings Glut

    Open AccessVictor Degorce, É Monnet et al.ARTICLEThe Journal of Economic History2024

    New data covering 23 countries reveal that banking crises of the Great Depression coincided with a sharp international increase in deposits at savings institutions and life insurance. Deposits fled from commercial banks to alternative forms of savings. This fueled a credit crunch since other institutions did not replace bank lending. While asset prices fell, savings held in savings institutions and life insurance companies increased as a share of…

  • Connected Lending of Last Resort

    Open AccessKris James Mitchener, É Monnet et al.ARTICLESSRN Electronic Journal2023

  • Connected Lending of Last Resort

    Open AccessKris James Mitchener, É Monnet et al.ARTICLESSRN Electronic Journal2023

  • The Democratic Challenge of Central Bank Credit Policies

    Open AccessÉ Monnet, Éric MonnetARTICLEAccounting, Economics, and Law: A…2023

    This article provides a framework for understanding the economic role of central banks and their democratic legitimacy. I argue that thinking about the democratic challenges of central banking requires considering central banks’ insurance role and how their actions are part of credit policy . The contract between the central bank and the sovereign is incomplete because it cannot integrate all unforeseen contingencies, distributive consequences an…

  • Les Banques Centrales face à la stabilité des prix

    Louis Daumas, Éric Monnet et al.ARTICLERegards croisés sur l'économie/Rega…2023References: 4

    Dans cet entretien, nous abordons avec Éric Monnet le rôle des banques centrales dans le maintien de la stabilité des prix, rôle remis en question par la crise inflationniste actuelle. Il y évoque les instruments classiques à disposition des banques centrales, leurs limites et de possibles moyens alternatifs. Il suggère également qu’une coordination renouvelée entre politique fiscale et politique monétaire permettrait de lutter contre la montée d…

  • Capital Controls and Foreign Reserves Against External Shocks: Combined or Alone

    Open AccessRafaël Cezar, É Monnet et al.ARTICLESSRN Electronic Journal2021

  • Introduction: Idéologies De La Frontière Et De La Propriété

    É Monnet, Éric MonnetARTICLERevue d’histoire moderne et…2021

    L'introduction au numéro spécial de la Revue d'histoire moderne & contemporaine consacré à l'ouvrage Capital et idéologie revient sur les complémentarités entre les quatre textes du numéro et la réponse de Thomas Piketty. Les terrains d'étude très différents de ces textes reflètent la diversité et l'ambition de l'ouvrage discuté : l'expansion violente des États-Unis à l'Ouest au xix e siècle (Emmanuelle Perez Tisserant), la Chine des réformes (Se…

  • Lucien Gillard L'Union latine, une expérience de souverainetés monétaires partagées (1865-1926) Paris, Classiques Garnier, 2017, 372 p

    Open AccessÉ Monnet, Éric MonnetARTICLEAnnales Histoire Sciences Sociales2021

    An abstract is not available for this content so a preview has been provided. Please use the Get access link above for information on how to access this content

  • The History and Politics of Public Debt Accounting

    Open AccessÉ Monnet, Éric Monnet et al.CHAPTERA World of Public Debts2020

    A country’s public debt figures vary considerably in any given year, depending on the definitions used. It creates difficulties in constructing and interpreting long-term statistical series. This chapter examines the policy issues behind the definition and accounting of public debt through history. Based on a critical analysis of widely used historical sources, as well as case studies, it discusses how to interpret historical public debt statisti…

  • Money, Banking, and Old-School Historical Economics

    Open AccessÉ Monnet, Éric Monnet et al.ARTICLESSRN Electronic Journal2020

  • Money, Banking, and Old-School Historical Economics

    É Monnet, Éric Monnet et al.REPORT2020

    We review developments in the history of money, banking, and financial intermediation over the last twenty years. We focus on studies of financial development, including the role of regulation and the history of central banking. We also review the literature of banking and financial crises. This area has been largely unaffected by the so-called new econometric methods that seek to prove causality in reduced form settings. We discuss why historica…

  • Liquidity Ratios As Monetary Policy Tools: Some Historical Lessons for Macroprudential Policy

    Éric Monnet, Miklos VariBOOKLiquidity Ratios As Monetary…2019

  • Do Old Habits Die Hard? Central Banks and the Bretton Woods Gold Puzzle

    Damien Puy, Éric MonnetBOOKDo Old Habits Die Hard? Central…2019

  • Interest Rates

    Open AccessÉ Monnet, Éric MonnetCHAPTERHandbook of Cliometrics2019

  • Do Old Habits Die Hard? Central Banks and the Bretton Woods Gold Puzzle

    É Monnet, Éric Monnet et al.ARTICLE2019

    We assess the importance of individual and institutional experience in shaping macroeconomic policy by studying the persistence of gold standard monetary practices in the Bretton Woods system. Using new data from the IMF archives, we show that, although they were not required to, countries continued to back currency in circulation with gold. The longer an institution spent in the gold standard (and the older the policymakers), the tighter the lin…

  • Do Old Habits Die Hard? Central Banks and the Bretton Woods Gold Puzzle

    Open AccessÉ Monnet, Éric Monnet et al.ARTICLEIMF Working Paper2019

    Why did monetary authorities hold large gold reserves under Bretton Woods (1944–1971) when only the US had to? We argue that gold holdings were driven by institutional memory and persistent habits of central bankers. Countries continued to back currency in circulation with gold reserves, following rules of the pre-WWII gold standard. The longer an institution spent in the gold standard (and the older the policymakers), the stronger the correlatio…

  • Liquidity Ratios as Monetary Policy Tools

    Open AccessÉ Monnet, Éric Monnet et al.ARTICLEIMF Working Paper2019

    This paper explores what history can tell us about the interactions between macroprudential and monetary policy. Based on numerous historical documents, we show that liquidity ratios similar to the Liquidity Coverage Ratio (LCR) were commonly used as monetary policy tools by central banks between the 1930s and 1980s. We build a model that rationalizes the mechanisms described by contemporary central bankers, in which an increase in the liquidity …

  • Au-delà de la « répression financière » et de la « capture de la régulation »: Recomposition des écosystèmes financiers européens après la crise

    É Monnet, Éric Monnet et al.ARTICLEActes de la recherche en sciences…2019

    L’évolution des relations entre les États et leurs systèmes financiers respectifs depuis la crise a donné lieu à deux récits opposés. D’une part, les agences gouvernementales sont souvent décrites comme étant à la merci du secteur financier (« capture de la réglementation »). D’autre part, les gouvernements sont dépeints comme abusant du système financier à leur profit (« répression financière »). Le présent article jette un regard critique sur c…

  • Flight-to-Safety and the Credit Crunch: A New History of the Banking Crisis in France During the Great Depression

    Open AccessPatrice Baubeau, É Monnet et al.ARTICLESSRN Electronic Journal2018