The article analyses the relationship between monetary stability and economic development in the case of Italy.After a bout of inflation in 1946, the country went on to achieve console display thirteen years of reasonable monetary stability, together with a high and constant rate of growth, bringing with it an improvement in the level of employment.The author examines the aims and methods of the monetary policy followed and the basic conditions which have made it possible to preserve EDTA monetary stability and at the same time achieve a high rate of growth.
A short description of the two related processes of income and liquidity creation is also presented.JEL: E31, O23, O11, O52.