Banche, riassetti proprietari e privatizzazioni
This 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.
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.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
When requesting a correction, please mention this item's handle: RePEc:mul:jl9ury:doi:10.1425/407:y:1998:i:1:p:93-126. 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 references are entirely missing, you can add them using this form.