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Introduction 1. The gold standard and central banking to 1914 2. The worm in the fruit 3. Deflation in practice 4. The franc in peril 5. The guillotine's clean cut: The Bank of France and the Poincare stabilization 6. Rather a faith than a theory: central bank co-operation, 1916-30 7. The gold standard illusion 8. Towards modern central banking 9. Conclusions Appendix I Appendix II
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