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9781349573141

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It is an excellent, brief and crisp account of the main relevant issues. Seasoned central bankers and monetary economists, however familiar with the material, will find something new and stimulating, whether they always agree or not, and it is certainly to be recommended to less experienced ones who may still need to `learn from history'. (John Chown, Central Banking Journal, February, 2016)

It is an excellent, brief and crisp account of the main relevant issues. Seasoned central bankers and monetary economists, however familiar with the material, will find something new and stimulating, whether they always agree or not, and it is certainly to be recommended to less experienced ones who may still need to learn from history . (John Chown, Central Banking Journal, February, 2016)

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Pierluigi Ciocca was head of market operations and economic research for the Bank of Italy and Deputy Director General of the Bank from 1995 to 2006. He is a member of Accademia dei Lincei and editor of the journal Rivista di Storia Economica, founded in 1936 by Luigi Einaudi.

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