Bilancia dei pagamenti, movimenti dei capitali e equilibrio interno nei primi cinquant'anni del regno d'Italia
DOI:
https://doi.org/10.13133/2037-3651/11002Keywords:
Italy, exchange rates, capital movements, balance of paymentsAbstract
The work looks the first 50 years of the Italian republic. First the operation of the adjustment mechanism of the external balance of a country in a fixed exchange rate regime is briefly described according to the portfolio theory. Then a brief overview of the history of Italy is traced, with regard to circulation and exchange problems. The link between the exchange rates and capital movements is analysed and the effects of imbalances in the balance of payments on prices is dealt with. Finally, the author tries to draw some concluding remarks on the importance and specificity of the Italian case.
JEL Codes: H60, N13
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