IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this article or follow this journal

Banks and culture. A relationship to build

  • Fuortes Carlo
  • Argano Lucio
Registered author(s):

    The article explores the relationship between cultural organizations and the banking system in Italy, through a focus group established with a number of cultural experts working in qualified institutions in the various spheres of culture, in order to detect the critical issues arising from the recent economic crisis concerning the credit and financial management within the cultural sector. On the one hand, the survey shows worsening problems - the credit crunch, even after the decreased level of public funding for culture, the burden of financial costs, the crucial issue of guarantees, the difficulties in granting loans to young people, the structural weakness of cultural institutions in terms of venture capital. On the other hand, the article emphasizes the active role played by banking foundations to support culture, the approach to culture of people engaged in ethical finance and finally action plans for such fields as cinema, also thanks to recent measures such as the tax credit. This shows the need for a different dialogue with the banking system, to set up an appropriate project and cultural bodies evaluation system at different levels and more suitable forms of accountability. The article ends with a series of suggestions, including in particular indications on how to explore the creation of guarantee sector funds - also with the public support - and revolving funds within banking foundations.

    If 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.

    File URL: http://www.rivisteweb.it/download/article/10.1446/34482
    Download Restriction: no

    File URL: http://www.rivisteweb.it/doi/10.1446/34482
    Download Restriction: no

    Article provided by Società editrice il Mulino in its journal Economia della Cultura.

    Volume (Year): (2011)
    Issue (Month): 1 ()
    Pages: 29-40

    as
    in new window

    Handle: RePEc:mul:jkrece:doi:10.1446/34482:y:2011:i:1:p:29-40
    Contact details of provider:

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:mul:jkrece:doi:10.1446/34482:y:2011:i:1:p:29-40. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ()

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.