The Contribution of the Banking System to Monetary Equilibrium and Economic Stability: Italian Experience

Donato Menichella

Chapter 4 in Money and the Economy: Central Bankers’ Views, 1987, pp 95-119 from Palgrave Macmillan

Abstract: Abstract In Italy the formation of the complex structure of a unified modern economy took place in a relatively short time. The crises which inevitably accompany such a process of amalgamation and growth were over within the space of a few generations and, in the case of the banking sector, were more acute than in those countries where capitalism and the tradition of unity were of less recent origin. Only in one other recently-formed nation perhaps — the USA — have these crises been anything like as violent as those which have occurred in Italy.

Keywords: Monetary Policy; Central Bank; Banking System; Commercial Bank; Public Debt (search for similar items in EconPapers)
Date: 1987
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-07927-8_5

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DOI: 10.1007/978-1-349-07927-8_5

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