Lessons from Italy's Monetary Unification (1862-1880) for the Euro and Europe's Single Market

Conference Paper

This chapter examines the effects of monetary unification on market integration. It offers a new perspective on the Euro's likely effectiveness in achieving the 'Single Market' goal of European economic integration, by examining the impact of a nineteenth-century national currency reform. It looks back at the experience of Italian monetary unification after 1861 and describes how rapidly the prices of the basic factors of production, wages, and interest rates began to converge after the introduction of the national currency.

Full Text

Duke Authors

Cited Authors

  • Conte, L; Toniolo, G; Vecchi, G

Published Date

  • January 31, 2012

International Standard Book Number 10 (ISBN-10)

  • 019726347X

International Standard Book Number 13 (ISBN-13)

  • 9780197263471

Digital Object Identifier (DOI)

  • 10.5871/bacad/9780197263471.003.0011

Citation Source

  • Scopus