Are there too many Banks in Italy?

Luca Einaudi, Riccardo Faucci and Roberto Marchionatti

Chapter 8 in Luigi Einaudi, 2006, pp 103-111 from Palgrave Macmillan

Abstract: Abstract The report of the Governor of the Bank of Italy for 1929 contains interesting information about the number and mortality of Italian banks. At the end of 1927 there were 4,405 in operation; the number fell to 4,197 at the end of 1928 and 4,097 on 28 February 1930, with a decrease of 208 in 1928 and 118 in 1929 and the first two months of 1930. In reality the reduction was even larger since in the first two years of application of Decrees 1511/1926 and 1830/1926, which established a form of government supervision of banks and entrusted it to the Bank of Italy, many institutions were not caught by the Bank’s survey and did not register with the Ministry of Finance.

Keywords: Large Bank; Saving Bank; Small Banker; Bank Failure; Credit Institution (search for similar items in EconPapers)
Date: 2006
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DOI: 10.1057/9780230522978_9

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