EH.Net Abstracts in Economic History

                ABSTRACTS IN ECONOMIC HISTORY
                     (c) 2001 EH.Net
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Name: Roberto Di Quirico
Email: quirico at supereva.it
Institution: University of Pisa

Co-author: none

Title: The 1935 Currency Crises in Italy. League of Nations' 
Sanctions, Balance of Payments Constraint and the Economic Policy of 
Fascist Italy in the late 1930s

Internet Address of abstracted work: not available

By mail:
University of Pisa
Department of History
via Valle Bantini 6
50050 Fucecchio (FI) Italy

Phone:  +39 0571 296359
Fax:  +39 0571 296335

Language: English

Abstract:
One of the main problems of the Italian economy in the second half of 
the 1930s was the shortage of hard currencies (currency gap). In 
fact, since the 1935 currency crisis, the currencies gap became 
dramatic for the Italian economy and it induced Fascism to adopt 
drastic measures of exchange control and economic policy aimed at 
achieving economic independence (autarchia). This paper demonstrates 
the importance of the currency factor in limiting the economic 
potentialities of Italy in the first half of the XX century. By 
reconstructing the phases of the 1935 currency crisis, we also 
analyze the consequences that the currency crisis had on the Italian 
economy in the late 1930s. Finally, the currency gap problem will be 
analysed in an historical perspective using Italian experience as a 
relevant case study.

Bibliography: Di Quirico, Roberto "The 1935 Currency Crises in Italy. 
League of Nations'Sanctions, Balance of Payments Constraint and the 
Economic Policy of Fascist Italy in the late 1930s." Manuscript, 
University of Pisa, 2001.

Subject: H
Geographical Area: 4
Country/Region: Italy
Time Period: 8

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