Monetary developments in Italy from 1961 to 1965

Abstract

The author considers Italy’s “economic miracle” of the 1950s, during which economic expansion was coupled with price stability. The monetary developments are connected to the balance of payments surplus/deficit and the treasury cash deficits, and depend on the supply and demand for credit. The author concludes that a number of internal and external constraints hinders further economic expansion of the country. JEL: E40, E51, F32, O11

Keywords

• Italy
• balance of payments
• credit
• development