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An economy with more rules, more capital, less debt and more transparency

Author

Listed:
  • Mario Draghi

    (Governor of Banca d'Italia)

Abstract

It is the time for rethinking the international institutional framework organization. The financial system is global and the integration of international financial markets must be protected because it is and will be an important developing factor. Institutions had to change in order to make on time and coordinated actions when a financial crisis occurs. Italian banks are members of the world financial system but they are affected only minimally by mistakes and distortions. The Bank of Italy made the correct supervision in order to do not allow that errors in other financial systems occur also in Italy

Suggested Citation

  • Mario Draghi, 2008. "An economy with more rules, more capital, less debt and more transparency," BANCARIA, Bancaria Editrice, vol. 11, pages 3-12, November.
  • Handle: RePEc:ban:bancar:v:11:y:2008:m:november:p:3-12
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    File URL: http://www.bancariaeditrice.it/prodotti/vedi/prodotto/id/1674/bancaria-n-11-2008
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    More about this item

    Keywords

    financial crisis; surveillance and transparency;

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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