The Current Account in Perspective : Lessons from the Italian Experience

Lessons from the Italian Experience

Nopic
This paper draws some lessons about policies toward the current account from Italy's balance of payments history between 1960 and 1988. The key role of speculative capital flows during every major episode of external imbalance brings out the limitations of exchange rate rules that focus exclusively on the current account. Simple... READ MORE...

Publication date: April 1990
ISBN 9781451977752
$10.00

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Publication date: April 1990

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