Vers une caractérisation synthétique des régimes monétaires en économie capitaliste : conceptualisation et jalons pour une application au cas du régime monétaire européen
We propose in this paper a synthetic definition of monetary regimes for a capitalist economy derived from the principal research of the regulation theory on that matter. We arrive at a synthetic characterization of a monetary regime articulated in two layers: the first constituting the institutional...
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| Format: | Article |
| Language: | English |
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Association Recherche & Régulation
2020-01-01
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| Series: | Revue de la Régulation |
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| Online Access: | https://journals.openedition.org/regulation/15565 |
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| author | Vittorio Mazzotta |
| author_facet | Vittorio Mazzotta |
| author_sort | Vittorio Mazzotta |
| collection | DOAJ |
| description | We propose in this paper a synthetic definition of monetary regimes for a capitalist economy derived from the principal research of the regulation theory on that matter. We arrive at a synthetic characterization of a monetary regime articulated in two layers: the first constituting the institutional frame regulating the conflict between industrial capital and financial capital and the second corresponding to a freedom space useful to the regime to reproduce itself in normal times and maintain its state in time of crisis. We will apply this framework to the Eurozone and will show that the financial capital has always the advantage over the industrial capital and that the financial capital takes mostly the form of fictitious capital. We will later analyze the role of monetary policy and financial regulation in this context. We find that monetary and financial policy is always conducted in coherence with that state of the balance of power between industrial and financial capital. |
| format | Article |
| id | doaj-art-59947b1f92684b20bf6b3cb1fbfe9b79 |
| institution | Kabale University |
| issn | 1957-7796 |
| language | English |
| publishDate | 2020-01-01 |
| publisher | Association Recherche & Régulation |
| record_format | Article |
| series | Revue de la Régulation |
| spelling | doaj-art-59947b1f92684b20bf6b3cb1fbfe9b792025-01-30T14:26:42ZengAssociation Recherche & RégulationRevue de la Régulation1957-77962020-01-012610.4000/regulation.15565Vers une caractérisation synthétique des régimes monétaires en économie capitaliste : conceptualisation et jalons pour une application au cas du régime monétaire européenVittorio MazzottaWe propose in this paper a synthetic definition of monetary regimes for a capitalist economy derived from the principal research of the regulation theory on that matter. We arrive at a synthetic characterization of a monetary regime articulated in two layers: the first constituting the institutional frame regulating the conflict between industrial capital and financial capital and the second corresponding to a freedom space useful to the regime to reproduce itself in normal times and maintain its state in time of crisis. We will apply this framework to the Eurozone and will show that the financial capital has always the advantage over the industrial capital and that the financial capital takes mostly the form of fictitious capital. We will later analyze the role of monetary policy and financial regulation in this context. We find that monetary and financial policy is always conducted in coherence with that state of the balance of power between industrial and financial capital.https://journals.openedition.org/regulation/15565moneyregulation theorymonetary regimemonetary policymonetary regulation |
| spellingShingle | Vittorio Mazzotta Vers une caractérisation synthétique des régimes monétaires en économie capitaliste : conceptualisation et jalons pour une application au cas du régime monétaire européen Revue de la Régulation money regulation theory monetary regime monetary policy monetary regulation |
| title | Vers une caractérisation synthétique des régimes monétaires en économie capitaliste : conceptualisation et jalons pour une application au cas du régime monétaire européen |
| title_full | Vers une caractérisation synthétique des régimes monétaires en économie capitaliste : conceptualisation et jalons pour une application au cas du régime monétaire européen |
| title_fullStr | Vers une caractérisation synthétique des régimes monétaires en économie capitaliste : conceptualisation et jalons pour une application au cas du régime monétaire européen |
| title_full_unstemmed | Vers une caractérisation synthétique des régimes monétaires en économie capitaliste : conceptualisation et jalons pour une application au cas du régime monétaire européen |
| title_short | Vers une caractérisation synthétique des régimes monétaires en économie capitaliste : conceptualisation et jalons pour une application au cas du régime monétaire européen |
| title_sort | vers une caracterisation synthetique des regimes monetaires en economie capitaliste conceptualisation et jalons pour une application au cas du regime monetaire europeen |
| topic | money regulation theory monetary regime monetary policy monetary regulation |
| url | https://journals.openedition.org/regulation/15565 |
| work_keys_str_mv | AT vittoriomazzotta versunecaracterisationsynthetiquedesregimesmonetaireseneconomiecapitalisteconceptualisationetjalonspouruneapplicationaucasduregimemonetaireeuropeen |