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Comments on several essays about the interwar period in the context of economic history. Effects of tariff and other trade restrictions on international trade and national incomes during the post-1929 economic recession; Impact of fascism on the politico-economic development of Italy.

Presents an abstract of a conference paper on international trade in Venice, Italy from 1303 to 1351.

Standard tests of portfolio efficiency neglect the existence of illiquid wealth. The most important illiquid asset in household portfolios is housing: if housing stock adjustments are infrequent, optimal portfolios in periods of no adjustment are affected by housing price risk through a hedge term and tests for portfolio efficiency of financial assets must be run conditionally upon housing wealth. We use Italian household portfolio data and time series on financial assets and housing stock returns to assess whether actual portfolios are efficient. We find that housing wealth plays a key role in determining whether portfolios chosen by homeowners are efficient. [ABSTRACT FROM AUTHOR]

Presents an abstract of a conference paper on a historical institutional analysis of the role of the state in trade in Venice, Italy.

Presents an abstract of a conference paper on the unification of the financial services industry after the monetary unification in Italy from 1862 to 1913.