The case for a “new” lira
The author considers the transaction costs implied by the long-term depreciation of the Italian lira, which produced a sort of paradox: the lira is the monetary unit in Italy, but one lira coins or notes do not exist. According to the author such depreciation produces several distortions and should...
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| Format: | Article |
| Language: | English |
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Associazione Economia civile
2014-02-01
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| Series: | PSL Quarterly Review |
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| Online Access: | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/11688 |