01682cas a2200253 a 4500 AALejournalIMF001646 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451844436 1018-5941 BD-DhAAL BD-DhAAL Bodnar, Gordon. An Analysis of the Process of Capital Liberalization in Italy / Gordon Bodnar, Leonardo Bartolini. Washington, D.C. : International Monetary Fund, 1992. 1 online resource (38 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Beginning in 1985 Italy embarked on a path of progressive removal of its system of controls on portfolio investment, a process formally completed with the abolition of all remaining restrictions in 1990. In this paper we review this policy of capital liberalization and integrate the analysis with an examination of the process of stabilization of the lira exchange rate in the 1980s. Various indicators of capital controls' effectiveness and target zone credibility are used to identify the temporal relations among capital liberalization, exchange rate stabilization and capital flows. Mode of access: Internet Bartolini, Leonardo. IMF Working Papers; Working Paper ; No. 1992/027 Full text available on IMF http://elibrary.imf.org/view/journals/001/1992/027/001.1992.issue-027-en.xml IMF e-Library