The Parodis After Italian Unification

Luciano Maffi ()
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Luciano Maffi: Bocconi University

Chapter Chapter 6 in Private Bankers in the Italian 19th Century, 2020, pp 171-221 from Palgrave Macmillan

Abstract: Abstract This final chapter discusses the role of private bankers in the development of credit and financial systems in the first decades of Italian unification. To this end, the chapter presents the case of the Parodi Bank of Genoa, whose role was very important thanks to its connections to national and international financial networks. Indeed, the success of their activities in the 1870s and 1880s was mainly due to financial investments in banks, railways, and insurance companies. Despite the fact that they behaved as the international haute banque, the Parodis collapsed during the crisis of 1893.

Date: 2020
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DOI: 10.1007/978-3-030-63361-5_6

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