The IMF and Italy: Trade Liberalization and Return to Convertibility

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 
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Copyright information

© Springer Japan 2015

Authors and Affiliations

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

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