Le secteur bancaire italien face aux transformations structurelles et à la récession économique

Giovanni Ajassa

Revue d'économie financière, 2013, vol. N° 111, issue 3, 123-138

Abstract: Since 2008 the Italian economy has been battered by the most severe and prolonged period of crisis since Second World War. The country, given the high public debt, had no choice but to keep prudent policies aiming at a strict control over fiscal deficit. Economic recession and financial fallout from sovereign crisis in Southern Europe negatively impacted the Italian banking system which, nevertheless, has shown remarkable resilience. Beyond cyclical adjustments, the effects of crisis and recession deeply intertwine with long term changes of the Italian banking industry. Reaction to the crisis, Basle III rules and new challenges such as the globalization of manufacturing and the digital revolution will intensify the process of right-sizing bank structures, the search for higher efficiency and a substantial rebalancing within the sources of financing of Italian SMEs. Classification JEL: G01, G21, G28.

JEL-codes: G01 G21 G28 (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.cairn.info/load_pdf.php?ID_ARTICLE=ECOFI_111_0123 (application/pdf)
http://www.cairn.info/revue-d-economie-financiere-2013-3-page-123.htm (text/html)
free

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cai:refaef:ecofi_111_0123

Access Statistics for this article

More articles in Revue d'économie financière from Association d'économie financière
Bibliographic data for series maintained by Jean-Baptiste de Vathaire ().