search query: @indexterm economic analysis / total: 390
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| Author: | |
| Title: | Italien in Vertrauenkrise = Crisis of confidence in Italy |
| Journal: | Weltkonjunkturdienst
1992 : SEP, VOL. 35:3, p. 53-57 |
| Index terms: | ECONOMIC ANALYSIS ITALY MONETARY POLICY DEPRECIATION |
| Language: | ger |
| Abstract: | The pressure for depreciation on the Lira beginning in the spring of 1992 and reinforced in September of the same year reached a degree that unprecedented intervention of the central bank and a realignment could not prevent the withdrawal of the Italian currency from the European exchange rate system. The crisis of the Italian currency happened at a time when the economic growth of the country began to lose its momentum. The growth of the economy was only 2 p.c. in the first half of 1992 /the rate is related to a year/, definitely lower than the expansion of capatities. Other economic indicators are unfavourable too , and the prospects for 1992-93 are not much better. |
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