<Tr> <Th> Website </Th> <Td> www.banque-france.fr </Td> </Tr> <Tr> <Td_colspan="2"> The Bank of France still exists but many functions have been taken over by the ECB . </Td> </Tr> <P> The Bank of France known in French as the Banque de France, headquartered in Paris, is the central bank of France; it is linked to the European Central Bank (ECB). In 1716 the Banque Générale was created by British economist John Law following a crash and emerged as a powerful central bank . Its main charge is to implement the interest rate policy of the European System of Central Banks (ESCB). </P> <P> In 1800, financial power in France was in the hands of about ten to fifteen banking houses whose founders, in most cases, came from Switzerland in the second half of the eighteenth century . These bankers, mostly Protestant, were deeply involved in the agitations leading up to the French Revolution . When the revolutionary violence got out of hand, they orchestrated the rise of Napoleon, whom they regarded as the restorer of order . As a reward for their support, Napoleon, in 1800, gave the bankers a monopoly over French finance by giving them control of the new Bank of France . Banker Claude Périer drafted the first statutes and Emmanuel Crétet was the first governor . For the first fifteen years it was the sole issuer of bank notes in Paris, and this privilege was extended to other financially important cities and the rest of the country by 1848 . </P>

Who set up the bank of france and when
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