Managing a Central Bank in times of crisis: an analysis of the monetary policy of the Central Bank of Chile (1925-1932)

Diplôme Master Managing a Central Bank in times of crisis: an analysis of the monetary policy of the Central Bank of Chile (1925-1932) eng 2024-08-23 author Rault Nicolas Alejandro 904659 Rectorat et adjoints (REC) director Flores Zendejas Juan 0000-0003-2800-7258 685481 Service enseignement, recherche, administratif et technique (SdS) (SCSPS) This paper analyses the evolution of the monetary policy of the Central Bank of Chile (CBCh) between 1925 and 1932. By focusing on the minutes of the weekly sessions of the CBCh’s Board as well as the CBCh’s annual report, we provide an alternative narrative which explains the progressive rejection of the monetary orthodoxy, not as a response to the progressive downfall of the international monetary system in the 1930’s, but from the point of view of different economic sectors’ interests (e.g., banks, government, working-class unions). Our paper also shows the limits of contemporary theories on central bank independence due to their sole emphasis on the relationships with the State. Monetary policy The Central Bank of Chile CBCh Between 1925 and 1932 Monetary International monetary system In the 1930’s Central bank independence Dewey 330 Dewey 330.9 Master en histoire économique internationale 123 Département d'histoire, économie et société T5 193 Institut d'histoire économique Paul Bairoch TE false a79d4a2c-78ec-4678-a251-5f6e89c24062 Master thesis Public Mémoire_-_version_finale.pdf 803834 application/pdf f2cdd0e24e3edf701507378b81ba2ae2bcc6b1de2cec846df610b591ff6284d3 openAccess Faculté des sciences de la société / Département d'histoire, économie et société Faculté des sciences de la société / Institut d'histoire économique Paul Bairoch

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Managing a Central Bank in times of crisis: an analysis of the monetary policy of the Central Bank of Chile (1925-1932)				2024	166	288

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Rault, Nicolas Alejandro