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Le rôle de la monnaie et du crédit

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Cours sur la monnaie et le crédit

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  • DOWNLOAD THIS BOOKS INTO AVAILABLE FORMAT (2019 Update) ......................................................................................................................... ......................................................................................................................... Download Full PDF EBOOK here { https://soo.gd/irt2 } ......................................................................................................................... Download Full EPUB Ebook here { https://soo.gd/irt2 } ......................................................................................................................... Download Full doc Ebook here { https://soo.gd/irt2 } ......................................................................................................................... Download PDF EBOOK here { https://soo.gd/irt2 } ......................................................................................................................... Download EPUB Ebook here { https://soo.gd/irt2 } ......................................................................................................................... Download doc Ebook here { https://soo.gd/irt2 } ......................................................................................................................... ......................................................................................................................... ................................................................................................................................... eBook is an electronic version of a traditional print book THIS can be read by using a personal computer or by using an eBook reader. (An eBook reader can be a software application for use on a computer such as Microsoft's free Reader application, or a book-sized computer THIS is used solely as a reading device such as Nuvomedia's Rocket eBook.) Users can purchase an eBook on diskette or CD, but the most popular method of getting an eBook is to purchase a downloadable file of the eBook (or other reading material) from a Web site (such as Barnes and Noble) to be read from the user's computer or reading device. Generally, an eBook can be downloaded in five minutes or less ......................................................................................................................... .............. Browse by Genre Available eBooks .............................................................................................................................. Art, Biography, Business, Chick Lit, Children's, Christian, Classics, Comics, Contemporary, Cookbooks, Manga, Memoir, Music, Mystery, Non Fiction, Paranormal, Philosophy, Poetry, Psychology, Religion, Romance, Science, Science Fiction, Self Help, Suspense, Spirituality, Sports, Thriller, Travel, Young Adult, Crime, Ebooks, Fantasy, Fiction, Graphic Novels, Historical Fiction, History, Horror, Humor And Comedy, ......................................................................................................................... ......................................................................................................................... .....BEST SELLER FOR EBOOK RECOMMEND............................................................. ......................................................................................................................... Blowout: Corrupted Democracy, Rogue State Russia, and the Richest, Most Destructive Industry on Earth,-- The Ride of a Lifetime: Lessons Learned from 15 Years as CEO of the Walt Disney Company,-- Call Sign Chaos: Learning to Lead,-- StrengthsFinder 2.0,-- Stillness Is the Key,-- She Said: Breaking the Sexual Harassment Story THIS Helped Ignite a Movement,-- Atomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad Ones,-- Everything Is Figureoutable,-- What It Takes: Lessons in the Pursuit of Excellence,-- Rich Dad Poor Dad: What the Rich Teach Their Kids About Money THIS the Poor and Middle Class Do Not!,-- The Total Money Makeover: Classic Edition: A Proven Plan for Financial Fitness,-- Shut Up and Listen!: Hard Business Truths THIS Will Help You Succeed, ......................................................................................................................... .........................................................................................................................
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  • DOWNLOAD THIS BOOKS INTO AVAILABLE FORMAT (2019 Update) ......................................................................................................................... ......................................................................................................................... Download Full PDF EBOOK here { https://soo.gd/irt2 } ......................................................................................................................... Download Full EPUB Ebook here { https://soo.gd/irt2 } ......................................................................................................................... Download Full doc Ebook here { https://soo.gd/irt2 } ......................................................................................................................... Download PDF EBOOK here { https://soo.gd/irt2 } ......................................................................................................................... Download EPUB Ebook here { https://soo.gd/irt2 } ......................................................................................................................... Download doc Ebook here { https://soo.gd/irt2 } ......................................................................................................................... ......................................................................................................................... ................................................................................................................................... eBook is an electronic version of a traditional print book THIS can be read by using a personal computer or by using an eBook reader. (An eBook reader can be a software application for use on a computer such as Microsoft's free Reader application, or a book-sized computer THIS is used solely as a reading device such as Nuvomedia's Rocket eBook.) Users can purchase an eBook on diskette or CD, but the most popular method of getting an eBook is to purchase a downloadable file of the eBook (or other reading material) from a Web site (such as Barnes and Noble) to be read from the user's computer or reading device. Generally, an eBook can be downloaded in five minutes or less ......................................................................................................................... .............. Browse by Genre Available eBooks .............................................................................................................................. Art, Biography, Business, Chick Lit, Children's, Christian, Classics, Comics, Contemporary, Cookbooks, Manga, Memoir, Music, Mystery, Non Fiction, Paranormal, Philosophy, Poetry, Psychology, Religion, Romance, Science, Science Fiction, Self Help, Suspense, Spirituality, Sports, Thriller, Travel, Young Adult, Crime, Ebooks, Fantasy, Fiction, Graphic Novels, Historical Fiction, History, Horror, Humor And Comedy, ......................................................................................................................... ......................................................................................................................... .....BEST SELLER FOR EBOOK RECOMMEND............................................................. ......................................................................................................................... Blowout: Corrupted Democracy, Rogue State Russia, and the Richest, Most Destructive Industry on Earth,-- The Ride of a Lifetime: Lessons Learned from 15 Years as CEO of the Walt Disney Company,-- Call Sign Chaos: Learning to Lead,-- StrengthsFinder 2.0,-- Stillness Is the Key,-- She Said: Breaking the Sexual Harassment Story THIS Helped Ignite a Movement,-- Atomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad Ones,-- Everything Is Figureoutable,-- What It Takes: Lessons in the Pursuit of Excellence,-- Rich Dad Poor Dad: What the Rich Teach Their Kids About Money THIS the Poor and Middle Class Do Not!,-- The Total Money Makeover: Classic Edition: A Proven Plan for Financial Fitness,-- Shut Up and Listen!: Hard Business Truths THIS Will Help You Succeed, ......................................................................................................................... .........................................................................................................................
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  • DOWNLOAD THIS BOOKS INTO AVAILABLE FORMAT (2019 Update) ......................................................................................................................... ......................................................................................................................... Download Full PDF EBOOK here { https://soo.gd/irt2 } ......................................................................................................................... Download Full EPUB Ebook here { https://soo.gd/irt2 } ......................................................................................................................... Download Full doc Ebook here { https://soo.gd/irt2 } ......................................................................................................................... Download PDF EBOOK here { https://soo.gd/irt2 } ......................................................................................................................... Download EPUB Ebook here { https://soo.gd/irt2 } ......................................................................................................................... Download doc Ebook here { https://soo.gd/irt2 } ......................................................................................................................... ......................................................................................................................... ................................................................................................................................... eBook is an electronic version of a traditional print book THIS can be read by using a personal computer or by using an eBook reader. (An eBook reader can be a software application for use on a computer such as Microsoft's free Reader application, or a book-sized computer THIS is used solely as a reading device such as Nuvomedia's Rocket eBook.) Users can purchase an eBook on diskette or CD, but the most popular method of getting an eBook is to purchase a downloadable file of the eBook (or other reading material) from a Web site (such as Barnes and Noble) to be read from the user's computer or reading device. Generally, an eBook can be downloaded in five minutes or less ......................................................................................................................... .............. Browse by Genre Available eBooks .............................................................................................................................. Art, Biography, Business, Chick Lit, Children's, Christian, Classics, Comics, Contemporary, Cookbooks, Manga, Memoir, Music, Mystery, Non Fiction, Paranormal, Philosophy, Poetry, Psychology, Religion, Romance, Science, Science Fiction, Self Help, Suspense, Spirituality, Sports, Thriller, Travel, Young Adult, Crime, Ebooks, Fantasy, Fiction, Graphic Novels, Historical Fiction, History, Horror, Humor And Comedy, ......................................................................................................................... ......................................................................................................................... .....BEST SELLER FOR EBOOK RECOMMEND............................................................. ......................................................................................................................... Blowout: Corrupted Democracy, Rogue State Russia, and the Richest, Most Destructive Industry on Earth,-- The Ride of a Lifetime: Lessons Learned from 15 Years as CEO of the Walt Disney Company,-- Call Sign Chaos: Learning to Lead,-- StrengthsFinder 2.0,-- Stillness Is the Key,-- She Said: Breaking the Sexual Harassment Story THIS Helped Ignite a Movement,-- Atomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad Ones,-- Everything Is Figureoutable,-- What It Takes: Lessons in the Pursuit of Excellence,-- Rich Dad Poor Dad: What the Rich Teach Their Kids About Money THIS the Poor and Middle Class Do Not!,-- The Total Money Makeover: Classic Edition: A Proven Plan for Financial Fitness,-- Shut Up and Listen!: Hard Business Truths THIS Will Help You Succeed, ......................................................................................................................... .........................................................................................................................
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  • DOWNLOAD THIS BOOKS INTO AVAILABLE FORMAT (2019 Update) ......................................................................................................................... ......................................................................................................................... Download Full PDF EBOOK here { https://soo.gd/irt2 } ......................................................................................................................... Download Full EPUB Ebook here { https://soo.gd/irt2 } ......................................................................................................................... Download Full doc Ebook here { https://soo.gd/irt2 } ......................................................................................................................... Download PDF EBOOK here { https://soo.gd/irt2 } ......................................................................................................................... Download EPUB Ebook here { https://soo.gd/irt2 } ......................................................................................................................... Download doc Ebook here { https://soo.gd/irt2 } ......................................................................................................................... ......................................................................................................................... ................................................................................................................................... eBook is an electronic version of a traditional print book THIS can be read by using a personal computer or by using an eBook reader. (An eBook reader can be a software application for use on a computer such as Microsoft's free Reader application, or a book-sized computer THIS is used solely as a reading device such as Nuvomedia's Rocket eBook.) Users can purchase an eBook on diskette or CD, but the most popular method of getting an eBook is to purchase a downloadable file of the eBook (or other reading material) from a Web site (such as Barnes and Noble) to be read from the user's computer or reading device. Generally, an eBook can be downloaded in five minutes or less ......................................................................................................................... .............. Browse by Genre Available eBooks .............................................................................................................................. Art, Biography, Business, Chick Lit, Children's, Christian, Classics, Comics, Contemporary, Cookbooks, Manga, Memoir, Music, Mystery, Non Fiction, Paranormal, Philosophy, Poetry, Psychology, Religion, Romance, Science, Science Fiction, Self Help, Suspense, Spirituality, Sports, Thriller, Travel, Young Adult, Crime, Ebooks, Fantasy, Fiction, Graphic Novels, Historical Fiction, History, Horror, Humor And Comedy, ......................................................................................................................... ......................................................................................................................... .....BEST SELLER FOR EBOOK RECOMMEND............................................................. ......................................................................................................................... Blowout: Corrupted Democracy, Rogue State Russia, and the Richest, Most Destructive Industry on Earth,-- The Ride of a Lifetime: Lessons Learned from 15 Years as CEO of the Walt Disney Company,-- Call Sign Chaos: Learning to Lead,-- StrengthsFinder 2.0,-- Stillness Is the Key,-- She Said: Breaking the Sexual Harassment Story THIS Helped Ignite a Movement,-- Atomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad Ones,-- Everything Is Figureoutable,-- What It Takes: Lessons in the Pursuit of Excellence,-- Rich Dad Poor Dad: What the Rich Teach Their Kids About Money THIS the Poor and Middle Class Do Not!,-- The Total Money Makeover: Classic Edition: A Proven Plan for Financial Fitness,-- Shut Up and Listen!: Hard Business Truths THIS Will Help You Succeed, ......................................................................................................................... .........................................................................................................................
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Le rôle de la monnaie et du crédit

  1. 1. Le rôle de la monnaie et du crédit en économie de marché IPAC NRC1, AG104/12/2012 1
  2. 2. Sommaire I. Les qualités de la monnaie II - Notion de monnaie et de liquidité III. les effets de l’évolution de la masse monétaire IV - La création monétaire III- La monnaie, instrument de politique économique04/12/2012 2
  3. 3. La monnaie: historique Les premières monnaies: coquillage, sel, métaux (4000 ans avant JC), fèves de cacao… Les limites du troc… Chez les égyptiens, les mésopotamiens, existence de monnaie scripturale Inventeur de la monnaie: Gygès, roi de Lydie en 687 av JC. substitue aux lingots dor des morceaux délectron ( alliage naturel dor et dargent provenant de filons locaux ) dotés des caractéristiques suivantes : poids invariable, même forme et marqués dun signe authentifiant leur étalonnage.04/12/2012 3
  4. 4. Les billets de banque 1000 ans av JC, en chine, billets de soie frappés du sceau de l’empereur. 1574, siège de Leyde, Pays Bas, création de monnaie papier avec des pages de bible! Expérience de Law Révolution française: les assignats Napoléon: le franc germinal (franc- or, stable jusqu’en 1914). Convertible. (Création de la banque de France en 1800).04/12/2012 4
  5. 5. Assignat04/12/2012 5
  6. 6. Billet de la banque de France Cours légal dans toute la France Cours forcé lors de certains évènements historiques1936: la France abandonne la parité franc-or04/12/2012 6
  7. 7. Les qualités de la monnaie La confiance dans la monnaie  valeur dans la durée  capacité à servir d’instrument d’échange. Stabilité de la monnaie Stabilité interne. Stable=pas d’inflation Stabilité externe. Stable= taux de change stable«crédit» vient du latin credere = croire, avoir confiance«fiduciaire» vient du latin fiducia, = la confiance04/12/2012 7
  8. 8. La république de Weimar04/12/2012 8
  9. 9. Exemple du Venezuela04/12/2012 9
  10. 10. Les fonctions de la monnaie – La monnaie est unité de compte en ce qu’elle sert à exprimer la valeur ou le prix des marchandises. intermédiaire des échanges, car en s’interposant dans l’échange de marchandises, elle permet de remédier aux contraintes du troc. Elle est réserve de valeur04/12/2012 10
  11. 11. Définitions Monnaie fiduciaire= pièces et billets Monnaie scripturale : Monnaie circulant par jeux décritures entre comptes, le support pouvant être le chèque, le virement, le prélèvement ou une carte de paiement.04/12/2012 11
  12. 12. Les agrégats Lagrégat M1, regroupe le total des pièces et billets en circulation et des dépôts bancaires à vue (comptes courants).04/12/2012 12
  13. 13. M2=M1 + le "crédit à court terme". Le crédit à court terme concerne principalement les comptes sur livrets, ainsi que divers dépôts à terme inférieur à 2 ans.04/12/2012 13
  14. 14. M3= M2 + divers placements monétaires. Essentiellement des dépôts à terme dune durée supérieure à 2 ans, et des OPCVM monétaires.Lagrégat M3 est lindicateur le plus large concernant le crédit bancaire, mais non pas lensemble du crédit dont une partie passe directement par les marchés financiers.04/12/2012 14
  15. 15. OPCVM Les organismes de placement collectif en valeurs mobilières (OPCVM) sont des fonds d’investissement qui permettent à tout épargnant de confier la gestion de ses capitaux à un professionnel qui se charge de les investir sur un ou plusieurs marchés financiers déterminés. Il en existe plusieurs formes comme les Sicav (sociétés d’investissement à capital variable) ou les FCP (fonds communs de placement). Certains sont quasiment sans risque, d’autres au contraire ne s’adressent qu’à des investisseurs très avertis.04/12/2012 15
  16. 16. Les contreparties de la masse monétaire les devises étrangères ou créances sur l’extérieur, les crédits à l’économie, (Soit crédit aux entreprises, soit crédit aux particuliers) Les crédits à l’Etat.04/12/2012 16
  17. 17. Les effets de l’évolution de la massemonétaire Masse monétaire trop importante: hausse généralisée des prix et soutien de la croissance (et aussi effet sur la dette, à l’avantage de l’emprunteur) Masse monétaire insuffisante: ralentissement de l’inflation et ralentissement de la croissance04/12/2012 17
  18. 18. La création de monnaie Est faite par les banques commerciales N’est pas faite par la banque centrale européenne04/12/2012 18
  19. 19. La création monétaire 1° temps – Le prêt est accordé Compte de Mr X Crédit Débit 3000 3000 Virement de la banque sur le compte Chèque de Mr X pour l’achat de Mr X de son automobile Solde = 0 Bilan de la banque Actif Passif 3000 Compte de Mr X Crédit à Mr X Solde= 004/12/2012 Solde= + 3000 19
  20. 20. La destruction monétaire 2° temps – Le crédit est remboursé Compte de Mr X Crédit Débit 3000 3000 Salaire de Mr X par exemple Remboursement du prêt Solde = 0 Bilan de la banque Actif Passif Dépôt 3000 de Mr X Crédit à Mr X Solde= 3000 Solde = 004/12/2012 20

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