IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this paper or follow this series

Exchange Control in Italy and Bulgaria in the Interwar Period: History and Perspectives

  • Nikolay Nenovsky

    ()

  • Giovanni Pavanelli

    ()

  • Kalina Dimitrova

    ()

This paper analyses exchange rate control measures adopted in Italy and Bulgaria during the interwar period. The first two sections provide a detailed account of the institutional and economic framework in which these measures were enforced and interpret them utilizing statistical data. In the third section it suggests a theoretical interpretation of exchange control and clearing agreements stressing that these policies were a serious interference in market mechanisms. A further point is that exchange control introduced and practiced in Italy and Bulgaria was an eloquent example of how serious the balance of payments constraint was at that time and how difficult it was to circumvent it. In the last section it derives some lessons for today’s Italian and Bulgarian economies.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://servizi.sme.unito.it/icer_repec/RePEc/icr/wp2007/ICERwp40-07.pdf
Download Restriction: no

Paper provided by ICER - International Centre for Economic Research in its series ICER Working Papers with number 40-2007.

as
in new window

Length: 39 pages
Date of creation: Mar 2007
Date of revision:
Handle: RePEc:icr:wpicer:40-2007
Contact details of provider: Postal: Corso Unione Sovietica, 218bis - 10134 Torino - Italy
Phone: +39 011 6706060
Fax: +39 011 6706062
Web page: http://www.esomas.unito.it/Email:


More information through EDIRC

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

as in new window
  1. Larry Neal, 1979. "The Economics and Finance of Bilateral Clearing Agreements: Germany, 1934-8," Economic History Review, Economic History Society, vol. 32(3), pages 391-404, 08.
  2. Eichengreen, Barry & Sachs, Jeffrey, 1985. "Exchange Rates and Economic Recovery in the 1930s," The Journal of Economic History, Cambridge University Press, vol. 45(04), pages 925-946, December.
  3. repec:cup:cbooks:9780521023450 is not listed on IDEAS
  4. Kalina Dimitrova & Nikolay Nenovsky, 2006. "Exchange Rate and Inflation: France and Bulgaria in the Interwar Period," ICER Working Papers 34-2006, ICER - International Centre for Economic Research.
  5. Friedman, Philip, 1976. "The welfare costs of bilateralism: German-Hungarian trade, 1933-1938," Explorations in Economic History, Elsevier, vol. 13(1), pages 113-125, January.
  6. tattara, giuesppe, 1991. "Power and Trade: Italy and Germany in the Thirties," MPRA Paper 10802, University Library of Munich, Germany.
  7. Kalina Dimitrova & Martin Ivanov & Ralitsa Simeonova-Ganeva, 2009. "Effective exchange rates of the Bulgarian Lev 1879-1939," ICER Working Papers 04-2009, ICER - International Centre for Economic Research.
  8. repec:cup:cbooks:9780521443159 is not listed on IDEAS
  9. D H Aldcroft, 2002. "Currency Stabilisation in the 1920s: Success or Failure?," Economic Issues Journal Articles, Economic Issues, vol. 7(2), pages 83-102, September.
  10. Goodhart, Charles A. E., 1998. "The two concepts of money: implications for the analysis of optimal currency areas," European Journal of Political Economy, Elsevier, vol. 14(3), pages 407-432, August.
Full references (including those not matched with items on IDEAS)

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:icr:wpicer:40-2007. 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: (Simone Pellegrino)

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.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 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.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.