Noise

Luigi Einaudi

Chapter 5 in Money and the Economy: Central Bankers’ Views, 1987, pp 121-125 from Palgrave Macmillan

Abstract: Abstract The explanation of Donato Menichella’s fuge rumores helps to highlight a part of his code of conduct that is of much greater importance for Italy than an academic nomination that did not terminate in the normal affixing of seals. With the consent or co-operation of the Minister of the Treasury, the Governor of the Bank of Italy can use two powerful weapons — the discount rate and the banks’ compulsory reserve coefficient — to dominate the lira, the stock exchange and industrial and commercial activity.

Keywords: Discount Rate; Central Bank; Stock Exchange; Commercial Bank; Public Prosecutor (search for similar items in EconPapers)
Date: 1987
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-07927-8_6

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DOI: 10.1007/978-1-349-07927-8_6

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