SARCINELLI, M. - In: Banca Nazionale del Lavoro Quarterly Review 48 (1995) 195, pp. 397-422
The 'Modus Operandi' of Italian monetary policy which relies on market-based control was radically changed in the '80s and '90s. However, changes still have to be initiated with relation to the banks' compulsory reserve deposits. The Bank of Italy must also be in step with European standards if...
