Economic and Financial Dynamics of the Crisis of an Important Italian Bank
Pietro Pavone ()
Additional contact information
Pietro Pavone: eCampus University, Italy
REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, 2017, vol. 18, issue 5, 467-481
Abstract:
In the last years Italian economy has suffered from the heavy consequences of the global economic crisis, which have concerned both the system of production and the banking system. Taking into consideration the fact that banking crises are a relevant phenomenon not only for the involved credit institutions, but for the whole economic and financial system, this paper deals with the case of the People’s Bank of Vicenza. This is a peculiar case study because the matter of this bank has seen the involvement of many public actors: the Italian Government, the European Commission, the European Central Bank, the Bank of Italy and Consob. Regardless of all these attentions, the history of the People’s Bank of Vicenza is one of irregularities and management deficiencies generated by the great weakness of the governance, which worsened inside-the-bank imbalances, as intended by the doctrine according to which the root reason for every disruption can always be found in the lack of management skills and/or ethical principles.
Keywords: Bank; Causes of Enterprise Crises; Mismanagement; Crisis Enterprise System; Imbalances System Enterprise. (search for similar items in EconPapers)
JEL-codes: G28 H12 M10 (search for similar items in EconPapers)
Date: 2017
References: View complete reference list from CitEc
Citations:
Downloads: (external link)
https://rmci.ase.ro/no18vol5/02.pdf (application/pdf)
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:rom:rmcimn:v:18:y:2017:i:5:p:467-481
Access Statistics for this article
REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT is currently edited by Marian Nastase
More articles in REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT from Faculty of Management, Academy of Economic Studies, Bucharest, Romania Contact information at EDIRC.
Bibliographic data for series maintained by Marian Nastase ().