The international financial crisis and the success factors of Italian banks and economy

Corrado Faissola
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Corrado Faissola: President of ABI

BANCARIA, 2008, vol. 11, 13-21

Abstract: The current financial crisis has global and structural features and no one could be identified as the guilty. The business model causing the crises have no bearing with the Italian banks that in the last years are deeply involved in a developing strategy in traditional lending activities. These banks are only indirectly interested by the financial crisis because of their trading activities/exposures in international global markets, like the liquidity one. The necessary interventions are scheduled for the next months. Effects on global real economy are potentially significant and in order to reduce the impact of the crisis is necessary to define the correct mix of monetary policies, fiscal policies, structural and regulatory reforms. The crisis exposes to risks but offers also great opportunities and it is necessary to reduce the former and to take the others

Keywords: financial crisis; international markets and economic policy (search for similar items in EconPapers)
JEL-codes: E50 G01 G28 H30 (search for similar items in EconPapers)
Date: 2008
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