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A Monetary History of Italy : Studies in Macroeconomic History - Professor Michele Fratianni

A Monetary History of Italy

Studies in Macroeconomic History

Hardcover Published: 15th September 2014
ISBN: 9780521443159
Number Of Pages: 324

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This volume deals with the monetary history of Italy from its independence in 1861 to 1992. It provides the first complete analysis of a country which has experienced diverse and often dramatic monetary conditions. The authors interpret Italian monetary history through the looking glass of a model which, while monetarist in flavour, is open to other interpretations. A key theme is that public finance is at the root of the (relatively) high Italian inflation rates. The authors argue that there is a strong relationship between the government budget deficit and monetary policy, and that the monetary authorities are too dependent on government. The book contributes in a novel way not only to the monetary debate, but also to fiscal and institutional questions. It combines economic theory, statistical data, and history in an accessible way which should prove useful to both economic historians and monetary economists.

'This book is a breakthrough in Italian macroeconomic history both for the rigour of its approach and for the wealth of data and econometric evidence that it presents.' Economic History Review

Structure, main themes and data of the monetary history
Money growth and its determinants
From political unification to 1913: creation of a new currency, multiplicity of banks of issue, banking legislations, monetary systems
The First World War: inflation and stabilisation
The 1920s and 1930s: foreign exchange policy and industrial and financial restructuring
The Second World War and the 1947 stabilisation
The fifties and sixties
The seventies
Italy in the eighties: towards Central Bank independence
Index of authors
Subject Index
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780521443159
ISBN-10: 0521443156
Series: Studies in Macroeconomic History
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 324
Published: 15th September 2014
Country of Publication: GB
Dimensions (cm): 22.86 x 15.24  x 1.91
Weight (kg): 0.6