Was Italy ever on gold?
This article deals with the evolution of the Italian economy in the last part of the nineteenth century and the beginning of the twentieth century with particular emphasis on money and banking. It also deals with the problem of the huge Italian public debt. In this context it examines the exchange rate regime and presents a model of exchange rate determination for the years 1872-1913. An important element of Italian policy was the committment of limiting the fluctuations in the exchange rate while isolating the process of money creation from external shocks. This process was rather different from the classic adjustment process envisaged by the "Gold Standard Myth"
|Date of creation:||2000|
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Rivista di storia economica,
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- Tattara, Giuseppe, 2002.
"Un margine di arbitraggio non sfruttato sulla Rendita Italiana a Parigi ?
[An Unexploited Arbitrage Margin on the Italian Rendita in Paris?]," MPRA Paper 10778, University Library of Munich, Germany.
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- John F. O. Bilson & Richard C. Marston, 1984. "Exchange Rate Theory and Practice," NBER Books, National Bureau of Economic Research, Inc, number bils84-1. Full references (including those not matched with items on IDEAS)
- Tattara, Giuseppe, 2002. "Un margine di arbitraggio non sfruttato sulla Rendita Italiana a Parigi ?