Background
Monticelli, Carlo was born on September 9, 1960 in Genoa, Italy. Son of Francesco and Maria (Cogorno) Monticelli.
(The tensions which periodically surfaced within the Europ...)
The tensions which periodically surfaced within the European Monetary Systemn and which exploded in the 1992-3 ERM crisis do not demonstrate that the thorny issue of the co-ordination of monetary policies is obsolete, but they do show the difficulty of identifying and implementing effective schemes of monetary co-ordination. This book proposes a innovative perspective on the issue of improving monetary integration, written from the privileged viewpoint of central bank experience. After reviewing the ERM experience and the importance of the system's symmetry in shaping its evolution, the authors identify the economic conditions udnerlying the choice of the optimal scheme of monetary co-ordination under an exchange rate agreement. Their empirical findings support the case for the adoption of a scheme which relies on the control of area-wide money supply.
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Monticelli, Carlo was born on September 9, 1960 in Genoa, Italy. Son of Francesco and Maria (Cogorno) Monticelli.
Laurea in Economia, University Genoa, 1983. Master of Science in Economics, University York, England, 1984. Doctor of Philosophy, University Ancona, Italy, 1988.
Economist ILRES, Genoa, 1984-1985. Senior economist Bank of Italy, Rome, 1988-1990, Committee of Governors of European Commission Central Banks, Basle, Switzerland, 1990-1994. Head of section Bank of Italy, Rome, 1994-1997, deputy director, 1998-1999.
Head European economics Deutsche Bank, London, since 1999. Postgraduate researcher Oxford (England) University, 1986-1988. Visiting scholar Massachusetts Institute of Technology, Cambridge, 1997-1998.
(The tensions which periodically surfaced within the Europ...)
Married Silvana Colella, March 27, 1988. Children: Francesca, Silvia.