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This volume deals with the monetary history of Italy from its independence in 1861 to 1992. It provides the first complete analysis of a country which has experienced diverse and often dramatic monetary conditions. The authors interpret Italian monetary history through the looking glass of a model which, while monetarist in flavour, is open to other interpretations. A key theme is that public finance is at the root of the (relatively) high Italian inflation rates. The authors argue that there is a strong relationship between the government budget deficit and monetary policy, and that the monetary authorities are too dependent on government. The book contributes in a novel way not only to the monetary debate, but also to fiscal and institutional questions. It combines economic theory, statistical data and history in an accessible way which should prove useful to both economic historians and monetary economists.
Until 1973 all money in use was either a commodity or was linked to one. In this comprehensive two volume reference work Anna J. Schwartz has brought together the key articles on the theme of commodity monies. This invaluable collection discusses the forms and standards of commodity monies, their theoretical underpinning and their inherent problems.
This volume deals with the monetary history of Italy from its independence in 1861 to 1992. It provides the first complete analysis of a country which has experienced diverse and often dramatic monetary conditions. The authors interpret Italian monetary history through the looking glass of a model which, while monetarist in flavour, is open to other interpretations. A key theme is that public finance is at the root of the (relatively) high Italian inflation rates. The authors argue that there is a strong relationship between the government budget deficit and monetary policy, and that the monetary authorities are too dependent on government. The book contributes in a novel way not only to the monetary debate, but also to fiscal and institutional questions. It combines economic theory, statistical data and history in an accessible way which should prove useful to both economic historians and monetary economists.
Modern monetary economics has been significantly influenced by the
knowledge and insight brought to the field by the work of Anna J.
Schwartz, an economist whose career has spanned almost half a
century. Her contributions evidence a broad expertise in
international history and policy, and an ability to apply the
results of her careful historical research to current issues and
debates. "Money in Historical Perspective" is a collection of
sixteen of her papers selected by Michael D. Bordo and Milton
Friedman. Grouped into three sections, the essays constitute a
number of Dr. Schwartz's most cited articles on the subject of
monetary economics, many of which are no longer readily accessible.
Inflation became the dominant economic, social, and political
problem of the industrialized West during the 1970s. This book is
about how the inflation came to pass and what can be done about it.
Certain to provoke controversy, it is a major source of new
empirical information and theoretical conclusions concerning the
causes of international inflation.
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