The Neapolitan Banks in the Context of Early Modern Public Banks

Francois Velde (fvelde@frbchi.org)

No WP-2018-5, Working Paper Series from Federal Reserve Bank of Chicago

Abstract: I examine the Neapolitan public banks, a group of non-profit institutions that emerged in the late sixteenth century, in the context of the early public banks that existed elsewhere in early modern Europe. In terms of size and stability they compare well with their peers, in spite of a difficult political and economic environment. They were also remarkably financially advanced for their time. Their success is likely due to their ownership structure, governance, and well managed relationship with the monarchical authorities.

Keywords: Central bank; public banks; Naples (Italy) (search for similar items in EconPapers)
JEL-codes: E58 N13 (search for similar items in EconPapers)
Pages: 50 pages
Date: 2018-03-11
New Economics Papers: this item is included in nep-his, nep-hme and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Chapter: Neapolitan Banks in the Context of Early Modern Public Banks (2018)
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DOI: 10.21033/wp-2018-05

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