Abstract
Relations between the State and the Bank of France since the 1950s, Jean Bouvier. Created under Bonaparte, nationalized in 1936, the Bank of France, unlike the German Bundesbank or the US Federal Reserve System, has always been tightly monitored by the State. Its governor is accountable to the Minister of the Economy and Finance. Its status, despite the compromise reached in 1973, makes it both a free institution and a public service. The conflicts between its managers and the government have had more effects than generally realized on French economic and monetary policies since the Liberation. At a time when greater autonomy is under consideration, the article sheds light on the rather secret and agitated history of the Bank of France.
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