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The value of money : controversial economic cultures in Europe : Italy and Germany by Matteo Scotto & Thomas Mayer & Francesco Papadia & Matteo Scotto is a nonfiction available to read on EtoBox.

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Thanks to the collaboration with renowned economists and policymakers, the publication compares Italian and German macro-economic cultures and performances. When the Bretton Woods system crumbled and currencies lost their direct link to the dollar and their indirect link to gold, these two countries embarked upon strongly different monetary policies. This divergence was reflected in the evolution of the exchange rates: the value of one D-Mark increased from 170 Italian lira under Bretton Woods to 990 Italian lira at the start of European Monetary Union: an astounding devaluation of about 85 per cent for the lira! Firstly, the volume describes the German and the Italian economic and, specifically, monetary models, with major attention paid to institutions such as Deutsche Bundesbank and Banca d'Italia, analysing their development in a diachronic perspective. Secondly, these paradigms are contextualized within a broader European context, which is fundamental to reflect upon possible... Monetary Policy,Euro,EU,European Union,Spread,Bundesbank,European Central Bank,Alpine Divide

Who reads The value of money : controversial economic cultures in Europe : Italy and Germany?

Author

Matteo Scotto & Thomas Mayer & Francesco Papadia & Matteo Scotto

Publisher

Villa Vigoni Editore | Verlag

Published

2021

Language

EN

ISBN

9788894498622

Category

nonfiction

Subjects

Economics, Business