Italy’s international reserves and their determinants in the Seventies: an assessment of the country risk

P. SAVONA, G. TULLIO

Abstract


The present paper analyses policies for and developments in Italian international reserves in the seventies and compares them with similar developments in industrial countries. Particular emphasis is placed on the study of the possibilities of influencing the terms of trade in the short to medium run by an appropriate exchange rate policy coupled with the use of international reserves. Further attention is given to the adequacy of Italian international reserves, particularly in the light of the position of the country as a borrower in international capital markets.

 

JEL: F31, F32, G15


Keywords


International reserves, exchange rate policy, international capital markets

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DOI: https://doi.org/10.13133/2037-3643/10744

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Copyright (c) 2016 P. SAVONA, G. TULLIO

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ISSN 2037-3643


Reg. Tribunale di Roma n.377/2009 del 19/11/2009