Alumni DAAD Italia (ADIT), Centro politiche europee – Rome
Under the patronage of the Embassy of German Federal Republic – Rome
In collaboration with Villa Vigoni
Italy and Germany have been implementing substantially divergent monetary policies since the collapse of Bretton Woods and, consequently, of the gold standard, which was followed by an evolution of the exchange rate. The Italian currency underwent a devaluation of circa 85% compared to the Deutsche Mark. In the miscellany edited by “Villa Vigoni Editore | Verlag”, with a preface by Jean-Claude Trichet, renown economists and policymakers describe the functioning of these two different models, paying special attention to institutions such as the Deutsche Bank and the Banca d’Italia, studying their development with a diachronic perspective. These two different paradigms are then contextualized in the broader European framework, paving the way for further questions on possible future scenarios.
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