http://fr.wikipedia.org/wiki/Banque_de_ ... .A9mission
The Bank of France (BDF) is the French central bank. The Banque de France is not a private enterprise, it is an institution whose capital is wholly owned by the State. [2] For this reason, in the 2007 financial year, the dividend paid to the State amounts to to 1739 millions of euros and corporate tax, to 1396 million euros. [3]
Created the 18 January 1800 by the First Consul Napoleon Bonaparte, it had for first role to issue notes payable to bearer and sight. In 1811, it installs its seat in the Hotel of Toulouse, former private mansion of the Count of Toulouse Louis Alexandre de Bourbon (1678-1737), street of the Vrillière, in the 1er district of Paris, the reception of the public being done today at 31 rue Croix des Petits Champs.
Bicentenary institution, nationalized in 1945, independent of political power since 1994, the Banque de France lost some of its autonomy when the monetary policy of the euro zone was entrusted to the European Central Bank (ECB). The BdF is a member of the European System of Central Banks and its Governor sits on the Governing Council of the ECB. Due to the reduced scope of the Banque de France, the number of employees, who benefit from a special pension scheme, is bound to decline.
The Banque de France and the exchange rate policy
The banknote gradually broke away from its gold base during the twentieth century: the forced price, introduced in 1914, was only partly removed in 1928, then restored to 1936. Since that date, the value of the note is essentially based on the trust the public places in it, confidence itself based on sound monetary management. Gold has thus ceased to be a means of internal regulation to become merely a foreign exchange reserve which the Banque de France was naturally called upon to administer.
Banque de France and monetary policy
With the extension of its powers to provide liquidity to the banking system and the organization of credit, the Banque de France has thus been led to participate more and more actively in monetary policy.
If it is true that banks benefit from a power of monetary creation (by the credits which they grant), this power is nonetheless limited by the liquidity constraints imposed on them.
this is exactly what is presented in all the documents we have seen.
Globalization is a global takeover by a small group of people who use interest earned from virtual money: STUNNING
will globalization bring peace and global stability?
I hope so, because after all, the previous trials by the war have been worse than this financial war, and I am for a unification
On the other hand, I do not wish to remain a slave to society
and in principle, we should work only to produce what we need to live and to distract ourselves
