Following the economic and political reforms international private capital started flowing into the emerging market economies of Central and Eastern Europe reducing the official capital flows to the region. The composition of private capital flows showed continuous dominance of direct equity...

The paper examines the 1947 monetary stabilization in Italy, tracing the domestic and international political dynamics that allowed ideas and theoretical concepts developed within the Bank of Italy to be applied in a successful action to subdue spiraling inflation. The combination of events and...