TY  - BOOK
AU  - Blancheton Bertrand
TI  - The false balance sheets of the Bank of France and the origins of the Franc crisis,1924-26
SN  - 2155-2851
PY  - 2012///
CY  - Taylor and Francis
PB  - Oxfordshire
KW  - Central bank
KW  - France
KW  - Accounting
KW  - Balance sheet
N2  - This study explores the role of accounting manipulation in a period of economic and political crisis. Recently discovered archival material at the French Ministry of Finance casts new light on the false balance sheets issued by the Bank of France during the 1920s and permits a comprehensive review of the nature and extent of falsification. This episode of accounting manipulation marked a turning point in French monetary policy. It destroyed the credibility of governmental monetary intentions and was the beginning of the second franc crisis. A new interpretation of this episode of national currency depreciation is suggested. In line with Aftalion's (1926) findings, the study identifies the centrality of the psychological influence of note circulation disclosures as a motivation fo
UR  - https://doi.org/10.1080/21552851.2012.653134
ER  -