Banche, riassetti proprietari e privatizzazioni
AbstractThis paper aims to show that the inefficiencies in the working of the Italian banking system can hinder that reallocation of the property rights as well as those processes of privatization which could allow an increase in the competitiveness of the Italian economic system in the European market characterized by EMU. I begin from an assessment of the strong regulation which was typical of the Italian credit market until ten years ago. I then analyze the consequences of the partial liberalization on the property rights allocation of the Italian banks. This analysis points out that the ownership structure of the Italian banking system and its internal linkages are one of the main reasons for its inefficient working. In the last three sections of the paper, I specify this conclusion by referring to the recent concentration processes between the Italian biggest banks as well as to the changes in the organization and in the financial supply of the regional and local banks.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Società editrice il Mulino in its journal Stato e mercato.
Volume (Year): (1998)
Issue (Month): 1 ()
Contact details of provider:
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Trivieri, Francesco, 2007. "Does cross-ownership affect competition?: Evidence from the Italian banking industry," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 17(1), pages 79-101, February.
- Farabullini,F. & Hester,D.D., 2001. "The performance of some recently privatized Italian banks," Working papers 10, Wisconsin Madison - Social Systems.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ().
If references are entirely missing, you can add them using this form.