This paper examines whether the states brought together in the Italian monetary union of the nineteenth century constituted an optimum monetary area, either before or after unification. Interest rate shocks indicate close relations between states in northern Italy but negative correlations between the North and the South before unification, suggesting some advantages of continued Southern monetary independence. The proportion of Southern Italian trade with the North was small, in contrast to intraNorthern trade, and therefore monetary independence imposed a light burden. Changes in the wheat market indicate that the South and North after unification (though not probably because of it) increasingly specialised according to thei...
The Paper draws its motivation from the observation that, three years into the single currency, EMU ...
The Paper draws its motivation from the observation that, three years into the single currency, EMU ...
The Paper draws its motivation from the observation that, three years into the single currency, EMU ...
This paper examines whether the states brought together in the Italian monetary union of the ninet...
This paper examines whether the states brought together in the Italian monetary union of the ninet...
This paper examines whether the states brought together in the Italian monetary union of the ninet...
This paper examines whether the states brought together in the Italian monetary union of the ninetee...
This paper examines whether the states brought together in the Italian monetary union of the ninetee...
This paper examines whether the states brought together in the Italian monetary union of the ninetee...
This paper examines whether the states brought together in the Italian monetary union of the ninetee...
This paper examines whether the states brought together in the Italian monetary union of the ninetee...
This paper examines whether the states brought together in the Italian monetary union of the ninetee...
The Paper draws its motivation from the observation that, three years into the single currency, EMU ...
The Paper draws its motivation from the observation that, three years into the single currency, EMU ...
The Paper draws its motivation from the observation that, three years into the single currency, EMU ...
The Paper draws its motivation from the observation that, three years into the single currency, EMU ...
The Paper draws its motivation from the observation that, three years into the single currency, EMU ...
The Paper draws its motivation from the observation that, three years into the single currency, EMU ...
This paper examines whether the states brought together in the Italian monetary union of the ninet...
This paper examines whether the states brought together in the Italian monetary union of the ninet...
This paper examines whether the states brought together in the Italian monetary union of the ninet...
This paper examines whether the states brought together in the Italian monetary union of the ninetee...
This paper examines whether the states brought together in the Italian monetary union of the ninetee...
This paper examines whether the states brought together in the Italian monetary union of the ninetee...
This paper examines whether the states brought together in the Italian monetary union of the ninetee...
This paper examines whether the states brought together in the Italian monetary union of the ninetee...
This paper examines whether the states brought together in the Italian monetary union of the ninetee...
The Paper draws its motivation from the observation that, three years into the single currency, EMU ...
The Paper draws its motivation from the observation that, three years into the single currency, EMU ...
The Paper draws its motivation from the observation that, three years into the single currency, EMU ...
The Paper draws its motivation from the observation that, three years into the single currency, EMU ...
The Paper draws its motivation from the observation that, three years into the single currency, EMU ...
The Paper draws its motivation from the observation that, three years into the single currency, EMU ...