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French money doctors in Spain

Rist, Quesnay, and Mitzakis and the stabilisation plans for the peseta 1929–1931

Bibliographic Data

ID21604492
AuthorsNicolas Barbaroux (GATE CNRS, University Jean Monnet Saint-Etienne), Enrique Jorge‐sotelo (0000-0003-1130-7721, Universitat de Barcelona), Dominique Torre (Université Côte d’Azur - GREDEG – CNRS, corresponding author)
Year2026
Volume33
Issue1
Pages145-177
Publication date2026-01-02
Open AccessNo
TypeARTICLE
VenueEuropean Journal of the History of Economic Thought (JOURNAL)
Journal identifiersISSN: 0967-2567 • E-ISSN: 1469-5936
PublisherInforma UK Limited (PUBLISHER • GB)
DOI10.1080/09672567.2025.2549387
OpenAlexW4414138878
LanguageEN
Citations received1
References cited41

In 1929, Spain called upon the financial expertise of French “money doctors” in its attempts to stabilise the peseta. Charles Rist, ex-Deputy Governor of the Banque de France, and Pierre Quesnay, General Manager of the Bank for International Settlements, were consulted. Both supported stabilisation over revaluation. The differing advice related to the implementation of the stabilisation plans reflects the fundamental tensions in central banking theory during that period. In their turn, domestic factors shaped both the success and the reception of the French doctor’s advice. The changing political backdrop along with institutional and money market constraints conflicted with their recommendations

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Citations per year1
Citation span2026 - 2026 (1)
Highly citedNo

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