In 1992 and 1995 Italy suffered two currency crisis, which were followed by a gradual recovery that ended with the entry of the lira in the single currency. The aim of this paper is to describe the export pricing strategy of Italian firms. To achieve this goal, a subset of 250 manufacturing...

The global financial crisis has magnified the role of Financial Sector Surveillance (FSS) in the Fund's activities. This paper surveys the various steps and initiatives through which the Fund has increasingly deepened its involvement in FSS. Overall, this process can be characterized by a...

Developments in the real-estate sector are of crucial importance for the business cycle and financial stability. This study analyses developments in the Italian housing market on the basis of both real and financial variables. Following the sharp contraction of the market during the financial...