Edwin Walter Kemmerer, Théoricien et Médecin de la Monnaie

Abstract : The aim of the dissertation is to present the richness of the monetary thought of Edwin Walter Kemmerer (1875-1945). It stresses his contribution to the quantity theory of money, his central bank theory and his conception of the Gold Standard. The Money Doctor and the money theorist is analysed in four chapters. The first chapter approaches the intellectual formation and political background which support his monetary and banking reform. The second chapter analyzes the exchange equation, his Business Confidence concept and the “test” to validate the quantity theory. The third chapter deals with Kemmerer's role in the creation of the Federal Reserve System in 1913: his vision of the problems persisting under the National Banking System of 1863, his study of the American money market in 1910, his defence and propositions for the future central bank. Finally, chapter four presents the different Gold Standards proposed by Kemmerer and implemented in several colonies and Latin American countries, in particular, the Gold Exchange Standard system – of which he is one of the forerunners. The conclusion deals with the neglect of Kemmerer's contributions in monetary theory.
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Submitted on : Wednesday, October 7, 2009 - 12:19:47 PM
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Rebeca Gomez Betancourt. Edwin Walter Kemmerer, Théoricien et Médecin de la Monnaie. Economies et finances. Université Panthéon-Sorbonne - Paris I, 2008. Français. ⟨tel-00422505⟩

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