Considerando o conceito de épico tal como o analisado por teóricos do teatro como Szondi (2001) e Rosenfeld (2006), este trabalho objetiva empreender a análise de elementos épicos presentes na estrutura de The American Clock (O Relógio Americano, 1980), do dramaturgo norte-americano Arthur Miller (1915-2005). O estudo será de como a forma teatral desta peça (com seus traços épicos) representa cenicamente a Grande Depressão econômica que assolou os Estados Unidos após a quebra da bolsa de valores em 1929 e durante toda a década de 1930. The American Clock conta com mais de 40 personagens (muitos deles também narrado-res) que comentam e ao mesmo tempo vivenciam os problemas gerados pela recessão econô-mica dos anos 1930, em que milhões de pessoas chegaram ao nível da miséria. Embora não seja uma das obras teatrais mais estudadas de Arthur Miller (tanto no contexto americano co-mo no brasileiro), a análise de The American Clock é fundamental para um maior entendimen-to da poética deste autor, tão debatida por críticos e dramaturgos brasileiros: diferentemente do que acontece em outros trabalhos teatrais de sua autoria, Miller assume abertamente, em seus ensaios, a importância do elemento épico para a construção de The American Clock, e o resultado deste uso explícito e consciente do épico por parte do dramaturgo é uma utiliza-ção mais abrangente e aprofundada de recursos épicos nesta peça, tanto dos que já eram co-muns em outras obras de Miller (personagens-narradores, por exemplo), quanto novos recur-sos como a dança e a música. Outra consequência desta consciência do épico é a apropria-ção que o autor faz de conceitos como o de mural, vaudeville e narrativa oral para a constru-ção formal da peça. Esta preocupação de Arthur Miller em considerar o épico na criação de The American Clock existe, dentre outras coisas, devido à necessidade de representar cenica-mente a Depressão econômica, uma temática de cunho social, econômico e histórico, cujas transformações sociais, políticas e culturais que ela provocou são cruciais por reverberarem em outras décadas da história dos EUA (e, consequentemente, no processo histórico de outros países como o Brasil). / Considering the concept of epic in theater theories such as Szondis (2001) and Rosenfelds (2006), this research aims at analyzing the epic elements present in the structure of The Amer-ican Clock (1980), a play by the American playwright Arthur Miller (1915-2005). The objec-tive is to study how this plays theatrical form (with its epic traces) puts on stage the Great Depression, which was responsible for devastating The United States economy after the 1929 stock market crash and during the 1930s. The American Clock contains more than 40 charac-ters (many of them are also narrators) who simultaneously discuss and experience the eco-nomic problems generated by this 1930s recession, which led millions of people to face mis-ery in this period. Although The American Clock is not one of Millers most studied theatrical works (both in Brazilian and American context), the analysis of this play is essential to a bet-ter understanding of the authors poetics, largely discussed by Brazilian critics and play-wrights: Miller overtly declares, in his essays, the importance of the epic element in The American Clocks creation, which is something singular in this playwrights career. The result of this explicit and conscious use of the epic by Miller is a deepened and broadened inser-tion of epic resources in this play, both the ones already present in other Millers works (char-acters-narrators, for example), and new ones such as dance and music. Another consequence of this epic consciousness is the authors use of concepts such as mural, vaudeville and oral narrative in order to create the form of the play. Arthur Millers concern in considering the epic in the creation of The American Clock exists, among other things, due to the necessity of putting on stage the Great Depression, a social, economic and historical subject, which brought crucial changes responsible for affecting socially, politically and culturally other dec-ades of American history (and, consequently, this 1930s economic crisis also affected the his-torical process of other countries such as Brazil).

Diese Dissertation besteht aus vier eigenständigen Aufsätzen. Das erste Kapitel liefert eine Einleitung uns einen Literaturüberblick. Im zweiten Kapitel schätzen wir die Effekte eines geldpolitischen Schocks in einer Bayesianischen faktorerweiterten Vektorautoregression. Als ein Identifikationsschema schlagen wir theoretisch fundierte Vorzeichenrestriktionen vor, welche auf die angemessenen Impuls-Antwortfolgen auferlegt werden können. Der Vorteil der faktorbasierten Vorzeichenrestriktion liegt in der Möglichkeit sehr viele theoretische fundierte Restriktionen zu setzen um so exakter zu identifizieren. Im dritten Kapitel untersuchen wir die Rolle der Geldpolitik während der Weltwirtschaftskrise in den USA. Die besondere Rolle der Geldpolitik gilt seit Friedman and Schwartz [1963] als gängige Meinung. In diesem Papier versuchen wir die entscheidenden Dynamiken der Zwischenkriegszeit mit dem BFAVAR Modell abzubilden und die Effekte geldpolitischer Schocks zu analysieren. Weiterhin schauen wir uns die Effekte der systematischen Komponente der Geldpolitik an. Wir finden heraus, dass der Anteil der Geldpolitik insgesamt zwar präsent allerdings recht gemäßigt vorhanden. Im vierten Kapitel werden die makroökonomischen Dynamiken innerhalb des Euroraumes untersucht. Hierbei schlage ich einen neuen Ansatz vor um die vielen relevanten Interrelationen effizient und sparsam zu vereinbaren. Ein faktorbasiertes DSGE Modell wird gemeinsam mit einem dynamischen Faktormodell geschätzt. Hierbei wird explizit ökonomische Theorie zur Datenanalyse verwendet. Zur Identifikation makroökonomischer Schocks verwende ich sowohl Vorzeichenrestriktionen wie auch die DSGE Rotation. / This thesis consists of four self-contained chapters. The first chapter provides an introduction with a literature overview. In Chapter 2 we estimate the effects of monetary policy shocks in a Bayesian Factor- Augmented vector autoregression (BFAVAR). We propose to employ as an identification strategy sign restrictions on the impulse response function of pertinent variables according to conventional wisdom. The key strength of our factor based approach is that sign restrictions can be imposed on many variables in order to pin down the impact of monetary policy shocks. Thus an exact identification of shocks can be approximated and monitored. In chapter 3 the role of monetary policy during the interwar Great Depression is analyzed. The prominent role of monetary policy in the U.S. interwar depression has been conventional wisdom since Friedman and Schwartz [1963]. This paper attempts to capture the pertinent dynamics through a BFAVAR methodology of the previous chapter. We find the effects of monetary policy shocks and the systematic component to have been moderate. Our results caution against a predominantly monetary interpretation of the Great Depression. This final chapter 4 analyzes macroeconomic dynamics within the Euro area. To tackle the questions at hand I propose a novel approach to jointly estimate a factor-based DSGE model and a structural dynamic factor model that simultaneously captures the rich interrelations in a parsimonious way and explicitly involves economic theory in the estimation procedure. To identify shocks I employ both sign restrictions derived from the estimated DSGE model and the implied restrictions from the DSGE model rotation. I find a high degree of comovement across the member countries, homogeneity in the monetary transmission mechanism and heterogeneity in transmission of technology shocks. The suggested approach results in a factor generalization of the DSGE-VAR methodology of Del Negro and Schorfheide [2004].

The present licentiate thesis analyses developments in Swedish marine insurance during the interwar period, including both direct marine insurance and marine reinsurance. This is done in order to provide insights on how companies of a highly internationalised and vulnerable line of insurance were affected by and responded to new risks during a period of far-reaching international financial and economic crises. Finally, the consequences of new risks and strategies are assessed. This thesis argues that during the interwar period Swedish maritime trade and Swedish marine insurance greatly depended on each other for marine insurance cover and marine insurance premium incomes. The business results in Swedish marine insurance partly depended on the development of Swedish trade. These business results were also vulnerable to currency risks. Swedish marine insurers faced no similar trade or currency risks during the two decades preceding World War I, and accordingly the returns on Swedish marine insurance were lower during the interwar period than during the last two pre-war decades. These factors probably bore their most severe consequences during the early 1920s when Swedish marine insurance on average induced losses to insurers. The remaining years of the period constituted a long-run recovery, and the Great Depression of the early 1930s caused no difficulties of the same order. This thesis also indicates that interwar Swedish marine insurers responded to new risks by increasing the level of cession to reinsurers. Another response was to increase the level of differentiation among insurance lines. This thesis describes the consequences of new risks and strategies in interwar Swedish marine insurance, focusing on the development of the Swedish marine insurance market structure and on the business results of Swedish marine insurers. Though this market shrunk and grew excessively, the relative importance of stock and mutual insurers showed only minor fluctuations. The importance of specialised marine reinsurance companies, however, fluctuated greatly. Also, cooperation between interwar marine insurers and the formation of insurance groups set new trends of concentration for the future. Finally, even though Swedish marine insurance during some years induced losses the Swedish marine insurers never experienced true losses on their total businesses.

In May 2016 Bear Family Records will release its third of three boxed sets documenting the three commercial location recording sessions conducted in east Tennessee during the years 1927-1930. Each of the three sessions was held in a different city by a different record company, and each was unique in terms of the specific musicians and types of music recorded; the three sessions had in common the fact that they were all conducted in east Tennessee and that they ultimately documented a broad range of the musical sounds, styles, and repertoire of Appalachia. More

A presente dissertação tem como objetivo central realizar uma análise comparativa das crises financeiras mundiais de 1929 e de 2008 com base no referencial teórico pós-keynesiano. Para tanto, utilizar-se-á uma análise interpretativa da literatura econômica e análises estatístico-descritivas. De maneira a delimitar a pesquisa, as referidas análises estão baseadas nos aspectos institucionais e em variáveis macroeconômicas selecionadas. Levando-se em consideração as possíveis limitações de uma comparação entre as duas crises financeiras mundiais, sobretudo no que diz respeito ao fator histórico e às dificuldades relativas à disponibilidade de dados do período da Grande Depressão, algumas reflexões podem ser apontadas. Entre as principais conclusões do trabalho pode-se destacar que as duas crises financeiras ocorreram em um ambiente financeiro internacional e nacional (país de origem da crise) desregulado e sob uma conjuntura de grandes desequilíbrios entre os balanços de pagamentos. Tal fato se tornou ainda mais problemático devido à falta de um emprestador de última instância em nível mundial em ambos os casos. Quanto às diferenças, excluindo-se aquelas relativas ao contexto histórico específico, a mais marcante está na forma e na intensidade como as políticas monetária e fiscal foram adotadas como resposta às referidas crises. Em 2008 e 2009 os governos, em geral, empreenderam e coordenaram amplas políticas (monetária e fiscal), com o objetivo de mitigar os efeitos da crise mundial de 2007-2008, ao passo que, em entre 1929-1932, não se verificou uma coordenação em nível mundial, bem como seu uso foi bastante limitado. / This dissertation aims at presenting, in the light of the Post Keynesian theory, an economic comparative analysis between the Great Depression, 1929-1933, and the current financial crisis, 2007-2008. Going in this direction, it presents an interpretative analysis of both crises based on the economic literature and some institutional aspects and statistical data analysis related to the selected macroeconomic variables. Taking into consideration that it is difficult to compare both financial crises, especially regarding the availability of data for the period of the Great Depression, some reflections can be pointed. The main conclusions of this dissertation are the following: on the one hand, the two financial crises occurred in a context that the international and national financial markets, especially in the United States, were deregulated and the United States had a large disequilibrium in its balance of payments. This fact became even more problematic due to the lack of a worldwide lender of last resort in both cases; on the other hand, the Great Depression and the subprime crisis are different in the shape and intensity as the monetary and fiscal policies were adopted in response to such crises. From 2008 to 2009, the governments, in general, have undertaken large and coordinated economic policies (monetary and fiscal) in order to mitigate the effects of global crisis of 2007-2008, while in 1929-1933 there was no coordination at the global level, as well as its use was fairly limited.

A presente dissertação tem como objetivo central realizar uma análise comparativa das crises financeiras mundiais de 1929 e de 2008 com base no referencial teórico pós-keynesiano. Para tanto, utilizar-se-á uma análise interpretativa da literatura econômica e análises estatístico-descritivas. De maneira a delimitar a pesquisa, as referidas análises estão baseadas nos aspectos institucionais e em variáveis macroeconômicas selecionadas. Levando-se em consideração as possíveis limitações de uma comparação entre as duas crises financeiras mundiais, sobretudo no que diz respeito ao fator histórico e às dificuldades relativas à disponibilidade de dados do período da Grande Depressão, algumas reflexões podem ser apontadas. Entre as principais conclusões do trabalho pode-se destacar que as duas crises financeiras ocorreram em um ambiente financeiro internacional e nacional (país de origem da crise) desregulado e sob uma conjuntura de grandes desequilíbrios entre os balanços de pagamentos. Tal fato se tornou ainda mais problemático devido à falta de um emprestador de última instância em nível mundial em ambos os casos. Quanto às diferenças, excluindo-se aquelas relativas ao contexto histórico específico, a mais marcante está na forma e na intensidade como as políticas monetária e fiscal foram adotadas como resposta às referidas crises. Em 2008 e 2009 os governos, em geral, empreenderam e coordenaram amplas políticas (monetária e fiscal), com o objetivo de mitigar os efeitos da crise mundial de 2007-2008, ao passo que, em entre 1929-1932, não se verificou uma coordenação em nível mundial, bem como seu uso foi bastante limitado. / This dissertation aims at presenting, in the light of the Post Keynesian theory, an economic comparative analysis between the Great Depression, 1929-1933, and the current financial crisis, 2007-2008. Going in this direction, it presents an interpretative analysis of both crises based on the economic literature and some institutional aspects and statistical data analysis related to the selected macroeconomic variables. Taking into consideration that it is difficult to compare both financial crises, especially regarding the availability of data for the period of the Great Depression, some reflections can be pointed. The main conclusions of this dissertation are the following: on the one hand, the two financial crises occurred in a context that the international and national financial markets, especially in the United States, were deregulated and the United States had a large disequilibrium in its balance of payments. This fact became even more problematic due to the lack of a worldwide lender of last resort in both cases; on the other hand, the Great Depression and the subprime crisis are different in the shape and intensity as the monetary and fiscal policies were adopted in response to such crises. From 2008 to 2009, the governments, in general, have undertaken large and coordinated economic policies (monetary and fiscal) in order to mitigate the effects of global crisis of 2007-2008, while in 1929-1933 there was no coordination at the global level, as well as its use was fairly limited.

Considerando o conceito de épico tal como o analisado por teóricos do teatro como Szondi (2001) e Rosenfeld (2006), este trabalho objetiva empreender a análise de elementos épicos presentes na estrutura de The American Clock (O Relógio Americano, 1980), do dramaturgo norte-americano Arthur Miller (1915-2005). O estudo será de como a forma teatral desta peça (com seus traços épicos) representa cenicamente a Grande Depressão econômica que assolou os Estados Unidos após a quebra da bolsa de valores em 1929 e durante toda a década de 1930. The American Clock conta com mais de 40 personagens (muitos deles também narrado-res) que comentam e ao mesmo tempo vivenciam os problemas gerados pela recessão econô-mica dos anos 1930, em que milhões de pessoas chegaram ao nível da miséria. Embora não seja uma das obras teatrais mais estudadas de Arthur Miller (tanto no contexto americano co-mo no brasileiro), a análise de The American Clock é fundamental para um maior entendimen-to da poética deste autor, tão debatida por críticos e dramaturgos brasileiros: diferentemente do que acontece em outros trabalhos teatrais de sua autoria, Miller assume abertamente, em seus ensaios, a importância do elemento épico para a construção de The American Clock, e o resultado deste uso explícito e consciente do épico por parte do dramaturgo é uma utiliza-ção mais abrangente e aprofundada de recursos épicos nesta peça, tanto dos que já eram co-muns em outras obras de Miller (personagens-narradores, por exemplo), quanto novos recur-sos como a dança e a música. Outra consequência desta consciência do épico é a apropria-ção que o autor faz de conceitos como o de mural, vaudeville e narrativa oral para a constru-ção formal da peça. Esta preocupação de Arthur Miller em considerar o épico na criação de The American Clock existe, dentre outras coisas, devido à necessidade de representar cenica-mente a Depressão econômica, uma temática de cunho social, econômico e histórico, cujas transformações sociais, políticas e culturais que ela provocou são cruciais por reverberarem em outras décadas da história dos EUA (e, consequentemente, no processo histórico de outros países como o Brasil). / Considering the concept of epic in theater theories such as Szondis (2001) and Rosenfelds (2006), this research aims at analyzing the epic elements present in the structure of The Amer-ican Clock (1980), a play by the American playwright Arthur Miller (1915-2005). The objec-tive is to study how this plays theatrical form (with its epic traces) puts on stage the Great Depression, which was responsible for devastating The United States economy after the 1929 stock market crash and during the 1930s. The American Clock contains more than 40 charac-ters (many of them are also narrators) who simultaneously discuss and experience the eco-nomic problems generated by this 1930s recession, which led millions of people to face mis-ery in this period. Although The American Clock is not one of Millers most studied theatrical works (both in Brazilian and American context), the analysis of this play is essential to a bet-ter understanding of the authors poetics, largely discussed by Brazilian critics and play-wrights: Miller overtly declares, in his essays, the importance of the epic element in The American Clocks creation, which is something singular in this playwrights career. The result of this explicit and conscious use of the epic by Miller is a deepened and broadened inser-tion of epic resources in this play, both the ones already present in other Millers works (char-acters-narrators, for example), and new ones such as dance and music. Another consequence of this epic consciousness is the authors use of concepts such as mural, vaudeville and oral narrative in order to create the form of the play. Arthur Millers concern in considering the epic in the creation of The American Clock exists, among other things, due to the necessity of putting on stage the Great Depression, a social, economic and historical subject, which brought crucial changes responsible for affecting socially, politically and culturally other dec-ades of American history (and, consequently, this 1930s economic crisis also affected the his-torical process of other countries such as Brazil).

A presente dissertação tem como objetivo central realizar uma análise comparativa das crises financeiras mundiais de 1929 e de 2008 com base no referencial teórico pós-keynesiano. Para tanto, utilizar-se-á uma análise interpretativa da literatura econômica e análises estatístico-descritivas. De maneira a delimitar a pesquisa, as referidas análises estão baseadas nos aspectos institucionais e em variáveis macroeconômicas selecionadas. Levando-se em consideração as possíveis limitações de uma comparação entre as duas crises financeiras mundiais, sobretudo no que diz respeito ao fator histórico e às dificuldades relativas à disponibilidade de dados do período da Grande Depressão, algumas reflexões podem ser apontadas. Entre as principais conclusões do trabalho pode-se destacar que as duas crises financeiras ocorreram em um ambiente financeiro internacional e nacional (país de origem da crise) desregulado e sob uma conjuntura de grandes desequilíbrios entre os balanços de pagamentos. Tal fato se tornou ainda mais problemático devido à falta de um emprestador de última instância em nível mundial em ambos os casos. Quanto às diferenças, excluindo-se aquelas relativas ao contexto histórico específico, a mais marcante está na forma e na intensidade como as políticas monetária e fiscal foram adotadas como resposta às referidas crises. Em 2008 e 2009 os governos, em geral, empreenderam e coordenaram amplas políticas (monetária e fiscal), com o objetivo de mitigar os efeitos da crise mundial de 2007-2008, ao passo que, em entre 1929-1932, não se verificou uma coordenação em nível mundial, bem como seu uso foi bastante limitado. / This dissertation aims at presenting, in the light of the Post Keynesian theory, an economic comparative analysis between the Great Depression, 1929-1933, and the current financial crisis, 2007-2008. Going in this direction, it presents an interpretative analysis of both crises based on the economic literature and some institutional aspects and statistical data analysis related to the selected macroeconomic variables. Taking into consideration that it is difficult to compare both financial crises, especially regarding the availability of data for the period of the Great Depression, some reflections can be pointed. The main conclusions of this dissertation are the following: on the one hand, the two financial crises occurred in a context that the international and national financial markets, especially in the United States, were deregulated and the United States had a large disequilibrium in its balance of payments. This fact became even more problematic due to the lack of a worldwide lender of last resort in both cases; on the other hand, the Great Depression and the subprime crisis are different in the shape and intensity as the monetary and fiscal policies were adopted in response to such crises. From 2008 to 2009, the governments, in general, have undertaken large and coordinated economic policies (monetary and fiscal) in order to mitigate the effects of global crisis of 2007-2008, while in 1929-1933 there was no coordination at the global level, as well as its use was fairly limited.

Made available in DSpace on 2017-07-10T17:55:28Z (GMT). No. of bitstreams: 1 Lucas_Andre_Berno_Kolln.pdf: 2141701 bytes, checksum: 71d34556cfccf15d79182153dce2a398 (MD5) Previous issue date: 2013-03-16 / Coordenação de Aperfeiçoamento de Pessoal de Nível Superior / This dissertation discusses the books of John Steinbeck published in the thirties, willing to comprehend the way that the dialogue between the author's literature and his dialectic relation with the historical reality in which he wrote and lived. The analysis of Steinbeck's writings produced during the thirties made possible the discussion about the effects of the 1929 crisis and the empowerment of monopolist capitalism, processes that became very evident in this period. The conflicts present in that reality molded the historical reading of the writer and of the social group that he centrally portrayed throughout his literary production, the small farmers. Steinbeck's deep connection with the old middle classes conditioned his literature and his worldview, since the writer was raised into that way of life and educated into the typical values of that social group. This made his literature, during the thirties, unfold itself in many different ways in order to deal with the experience of the destruction of that way of life in all of its complexity. As the crisis deepened, Steinbeck faced different expressions of it, being the proletarianization of the small farmers and the destruction of the basis of their world some of the most bruising aspects that his literature intended to expose, portray and denounce. Sometimes assuming nostalgic outlines to celebrate the past, sometimes drawing on the satire to question the bourgeois ethos, sometimes rising through the denounce to reveal the scars created by the economic transformations, Steinbeck did not duck the problems placed by the development of the American capitalism. Based on this, his literature has became not only an interpretation of the reality created by the Great Depression through its mechanisms, dynamics and structures, but also the literary testimony of a person who observed the decadence of the way of life in which he grew up and of his peers. In this sense, the dissertation aimed to situate and comprehend Steinbeck's writings in their historical concreteness, that is, in the terms in which they were conceived and produced, in such a way that it became possible to observe several dimensions of the crisis and of Steinbeck's historical reading related to this experience, marked by loss, by misery and by the transformation of the small farmers into agricultural workers / Essa dissertação discute as obras da década de 30 de John Steinbeck procurando compreender de que maneira se deu o diálogo entre a literatura do autor e a relação dialética desse com a realidade história na qual viveu e escreveu. A análise dos escritos de Steinbeck produzidos nos anos 30 possibilitou a discussão sobre os desdobramentos e efeitos da crise de 1929 e do fortalecimento do capitalismo monopolista, processos esses que se tornaram muito evidentes nesse período. A conflituosidade presente naquela realidade moldou a leitura histórica do escritor e do grupo social que ele centralmente retratou ao longo de sua produção literária, os pequenos proprietários agrícolas. A profunda ligação de Steinbeck com as antigas classes médias rurais condicionou sua literatura e sua visão de mundo, uma vez que o escritor foi criado em meio àquele modo de vida e educado dentro dos valores típicos desse grupo social. Isso fez com que sua literatura, ao longo dos anos 30, se desdobrasse de diferentes formas para lidar com a experiência da destruição daquele modo de vida em toda a sua complexidade. Na medida em que a crise se aprofundava, Steinbeck travou contato com diferentes expressões dela, sendo a proletarização dos pequenos proprietários e a destruição das bases de seu mundo alguns dos aspectos mais contundentes que sua literatura procurou desvelar, retratar e denunciar. Ora assumindo contornos nostálgicos para celebrar o passado, ora valendo-se da sátira para questionar o ethos burguês, ora erguendo-se por meio da denúncia para trazer à lume as mazelas geradas pelas transformações econômicas, Steinbeck não se furtou aos problemas postos pelo desenvolvimento histórico do capitalismo estadunidense. A partir disso, sua literatura se tornou não só uma interpretação da realidade criada pela Grande Depressão a partir de seus mecanismos, suas dinâmicas e suas estruturas, mas também o testemunho literário de um sujeito que observou a decadência do modo de vida no qual cresceu e dos sujeitos que eram seus pares. Nesse sentido, a dissertação buscou situar e compreender os escritos de John Steinbeck em sua concretude histórica, isto é, nos termos em que eles foram concebidos e produzidos, ao passo que tornou-se possível observar várias dimensões da crise e da leitura histórica de Steinbeck em relação a essa experiência, marcada pela perda, pela miséria e pela transformação dos pequenos proprietários rurais em trabalhadores agrícolas

Pour comprendre les enjeux li´es `a l’endettement public dans la cr´edibilit´e des accords mon´etairesdans le cas de l’entre-deux-guerres, nous ´etudierons l’influence de l’endettement public sur l’´etalon-or,de sa fondation dans la seconde moiti´e du XIXe si`ecle, `a son abandon au cours de la grande d´epression.La qualit´e des finances publiques, en particulier l’endettement public, fut d´eterminante dans la capacit´ed’une nation `a adh´erer `a cet accord mon´etaire. L’endettement public joua aussi un rˆole d´ecisif dans lafin de ces syst`emes mon´etaires, `a l’issue de la Grande Guerre et lors de la grande d´epression. Dans unsecond temps, notre d´emarche consistera `a comprendre les m´ecanismes qui conduisirent l’endettementpublic `a ˆetre en partie responsable de la fin de l’´etalon de change-or et de l’´emergence de nouveauxblocs mon´etaires dans les ann´ees trente. Face `a la grande d´epression, les modalit´es d’organisation et defonctionnement de cet accord mon´etaire, rendirent impossible son maintien. Si les variables ´economiqueset politiques furent d´eterminantes dans son abandon, celles d’endettement public jou`erent aussi. Apr`esavoir d´ecrit les modalit´es de sortie de l’´etalon de change-or, nous montrerons les m´ecanismes th´eoriquesqui lient les crises mon´etaires et les crises d’endettement et les appliquerons `a la grande d´epression. Nous´etudierons en particulier le cas de la France. Nous montrerons `a l’aide d’un mod`ele de dur´ee, l’influencede la dette publique dans le maintien des parit´es-or pendant la crise. Enfin, nous verrons comment denouveaux blocs mon´etaires se form`erent. / To understand the challenges linked to public debt in credibility of monetary agreementsbetween the World Wars, we shall study influence of public debt on the gold standard, from its founda-tion in the second half of the XIXth century to end during the Great Depression. The quality of publicfinances, in particular the public debt, was determining in the capacity of a nation to subscribe to thismonetary agreement. The public debt also had a decisive role in the end of these monetary systems, atthe end of World War I and during the Great Depression. In a second part, our approach will consistin understanding mechanisms which led public debt to be partly accountable for the end of the gold-exchange standard and the rise of new monetary blocks in the thirties. Facing the Great Depression, themodalities of organization and functioning of this monetary agreement, made impossible to sustain it. Ifeconomic and political variables were determining in its end, variables linked to public debt played too.Having described modalities of release of gold-exchange standard, we shall show the theoretical mecha-nisms which link monetary crisis and debts crisis and we will applied them to the Great Depression. Wewill study in particular the case of France. We shall show using a duration model, influence of publicdebt in preservation of gold parity during the crisis. Finally, we shall see how new monetary blocks formed.