IDEAS home Printed from https://ideas.repec.org/a/cii/cepiei/2003-4qb.html
   My bibliography  Save this article

Lira stabilisation, construction boom and the level of economic activity: the Shift in Favour of Non-Traded Goods Prices and Urban Rents

Author

Listed:
  • Giuseppe Tattara

Abstract

Lira convertibility in the 19th century was mainly advocated due to the need to attract foreign capital, to avoid the temptation of monetizing the huge state debt, to keep the state budget under control and to limit the uncertainties in trade settlements with Italy's main partners, which were gold-standard countries. However, going back to gold had various consequences. Urban rents and the sheltered sectors of the economy, as well as construction activity were favoured by a significant, relative price shift, while industrial and agricultural exporters were subject to additional stress. Two resumption episodes are studied and some conclusions for the present process of European monetary unification and enlargement are discussed.

Suggested Citation

  • Giuseppe Tattara, 2003. "Lira stabilisation, construction boom and the level of economic activity: the Shift in Favour of Non-Traded Goods Prices and Urban Rents," Economie Internationale, CEPII research center, issue 96, pages 23-42.
  • Handle: RePEc:cii:cepiei:2003-4qb
    as

    Download full text from publisher

    File URL: http://www.cepii.fr/IE/rev96/rev96b.htm
    Download Restriction: no

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Tattara, Giuseppe, 2000. "Was Italy ever on gold?," MPRA Paper 37160, University Library of Munich, Germany.

    More about this item

    Keywords

    Stabilization; construction; traded goods; non traded goods; rents; prices; inflation;

    JEL classification:

    • N13 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: Pre-1913
    • N23 - Economic History - - Financial Markets and Institutions - - - Europe: Pre-1913
    • N63 - Economic History - - Manufacturing and Construction - - - Europe: Pre-1913
    • N73 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - Europe: Pre-1913
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cii:cepiei:2003-4qb. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (). General contact details of provider: http://edirc.repec.org/data/cepiifr.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.