Financial Intermediation: The Rothschilds and the Private Bankers in the Kingdom of Sardinia

Luciano Maffi ()
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Luciano Maffi: Bocconi University

Chapter Chapter 4 in Private Bankers in the Italian 19th Century, 2020, pp 83-129 from Palgrave Macmillan

Abstract: Abstract This chapter illustrates the relevance of the relational network connecting the Parodi banking house with international economic actors, such as the Rothschilds, the Avigdor, the Leoninos, the Hambros, the De la Ruë brothers, and the Torlonia. The purpose of the relationships is the placement of national and international government loans. Here, therefore, is a clearer description of how the nineteenth-century credit-finance machine moves thanks to a complex mechanism of multiple gears, some of which show their indispensable function. I analyze how the placement of the Sardinian loans (1849–1850) is very important in understanding the skills of Sardinian bankers.

Date: 2020
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DOI: 10.1007/978-3-030-63361-5_4

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