publication . Preprint . 2002

Paper Money but a Gold Debt. Italy in the Gold Standard

Giuseppe Tattara; or consequences);
Open Access
  • Published: 05 May 2002
During the 52 years between the Unification of the Kingdom of Italy and World War 1, the lira was legally convertible into metal for a limited period of time. Although not formally committed to gold, the lira exchange towards the gold standard countries proved remarkably stable, \223shadowing\224 gold. It is widely claimed that being one of the successful members of the gold standard circle entailed a number of advantages. If the lira was closely linked to gold, suggesting that there was only a small cost connected to adopting the gold standard, then why did Italy not make all possible efforts to resume as soon as possible and adhere more strictly to the gold st...
free text keywords: economic history gold standard convertibility debt, jel:F34, jel:G15, jel:N13, jel:N23

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