The IMF and Italy: Trade Liberalization and Return to Convertibility

  • Kanna Ito
Part of the Studies in Economic History book series (SEH)


From the beginning of the 1950s to 1963, Italy experienced rapid economic development and eventually declared the external convertibility of its currency with the major European nations in 1958. In this period, Italy participated in the Bretton Woods system and the European integration process. In this chapter, we will review how the Bretton Woods system infected and restricted the economic policy management of the member countries by examining the Italian experience.


Exchange Rate Foreign Exchange Trade Liberalization Foreign Exchange Market Official Rate 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


  1. Asso, Pier Francesco. 2011. Guido Carli Economista internazionale 1945–60. Working Paper Res 01/2011, Fondazione Res.Google Scholar
  2. Bank for International Settlements (BIS). 1949. Economic and financial problems of Italy in the summer of 1949. Monetary and Economic Department, C.B.213., Bank for International Settlements.Google Scholar
  3. Barucci, Piero, a cura di. 2008. Luigi Einaudi Considerazioni finali della Banca d’Italia. Milano: Treves Editore.Google Scholar
  4. Carli, Guido. 1993. Cinquant’anni di vita italiana. Rome: Laterza.Google Scholar
  5. Cotula, Franco, Cosma O. Gelsomino, and Alfredo Gigliobianco 1997. Donato Menichella: Stabilita’ e sviluppo dell’economia italiana, 1946–60 I. Documenti e discorsi. Rome: Laterza.Google Scholar
  6. Cotula, Franco, a cura di. 1998. Stabilita’ e sviluppo negli anni cinquanta – 2. Problemi strutturali e politiche economiche. Rome: Laterza.Google Scholar
  7. Cotula, Franco, a cura di. 2001. Stabilita’ e sviluppo negli anni cinquanta – 1. L’Italian nel contesto internazionale. Rome: Laterza.Google Scholar
  8. Cotula, Franco, Marcello De Cecco, and Gianni Toniolo, a cura di. 2003. La Banca d’Italia: Sintesi della ricerca storica 1893–1960. Rome: Laterza.Google Scholar
  9. Di Taranto, Giuseppe. 2007. Italy and the international monetary fund. from multiple exchange rate system to convertibility. Journal of European Economic History 35(2): 263–312.Google Scholar
  10. Fratianni, Michele, and Franco Spinelli. 1997. A monetary history of Italy. Cambridge: Cambridge University Press.CrossRefGoogle Scholar
  11. Jacobsson, Erin E. 1979. A life for sound money: Per Jacobsson – his biography. Oxford: Oxford University Press. Japanese edition: Jacobsson, Erin E. 2010. Sound money (trans: Shinichi Yoshikuni, and Kazuhiko Yago). Hiratsuka: Sōtensha.Google Scholar
  12. Martinez Oliva, Juan Carlos. 2003. Italy and the political economy of cooperation: The Marshall Plan and the European Payments Union. Banca d’Italia, Quaderni dell’Ufficio Ricerche Storiche, no. 6.Google Scholar
  13. Segreto, Luciano. 2000. Finanza, industria e relazioni internazionali nella ricostruzione. Il prestito dell’Eximbank all’Italia (1947–1955). Passato e Presente 51: 67–94.Google Scholar
  14. Ufficio Italiano dei Cambi. 1995. Cinquant’anni di storia. Rome: Laterza.Google Scholar

Copyright information

© Springer Japan 2015

Authors and Affiliations

  1. 1.Faculty of EconomicsSt. Andrew’s UniversityOsakaJapan

Personalised recommendations