The Italian banking system underwent major transformations during the 1990s. This book seeks to depict the effects of those changes on the Italian economy. Using credit rationing as an indicator of financial development, it also explores to what extent financial development serves as an...

In this paper we analyze options for the European Central Bank (ECB) to achieve its single mandate of price stability. Viable options for price stability are described, analyzed, and tabulated with regard to both short- and long-term stability and volatility. We introduce an additional tool for...