This paper tries to improve the understanding of the French interwar monetary situation by using thoroughly one indicator: long-term interest rates. As such, it could be attacked from a methodological point of view as relying excessively on that indicator and on a small number of hypothesis...

[spa] La financiacion de las empresas francesas de 1890 a 1936 : un enfoque microeconomico sobre datos bursatiles . La recuperaciôn del mercado financiero en los anos ochenta incita a buscar précédentes. El papel del mercado financiero en la financiacion de las sociedades . alcanza el apogeo...

We have reconstructed a new blue chips (large caps) stock index for France from 1854 to 1998, based on a modern methodology. Our index differs profoundly from earlier indices, and is more consistent with French financial and economic history. We suggest this result casts some doubt on many...