The case for a “new” lira

Authors

  • A. CAMPOLONGO

DOI:

https://doi.org/10.13133/2037-3643/11688

Keywords:

Italian lira, depreciation, currency regrouping

Abstract

The author considers the transaction costs implied by the long-term depreciation of the  Italian lira, which produced a sort of paradox: the lira is the monetary unit in Italy, but one lira coins or notes do not exist. According to the author such depreciation produces several distortions and should be tackled through a regrouping of the currency.

 

JEL: E42

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Published

2014-02-24

How to Cite

CAMPOLONGO, A. (2014). The case for a “new” lira. PSL Quarterly Review, 20(80). https://doi.org/10.13133/2037-3643/11688

Issue

Vol. 20 No. 80 (1967)

Section

Editorial

License

 
 
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