Cesarano, Filippo; Cifarelli, Giulio; Toniolo, Gianni - Dipartimento di Scienze per l'Economia e l'Impresa, … - 2009
The three exchange rate regimes adopted by Italy from 1883 up to the eve of World War I — the gold standard (1883-1893), floating rates (1894-1902), and “gold shadowing” (1903-1911) — produced a puzzling result: formal adherence to the gold standard ended in failure while shadowing the...
