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Are there too many Banks in Italy?

In: Luigi Einaudi

Author

Listed:
  • Luca Einaudi
  • Riccardo Faucci
  • Roberto Marchionatti

Abstract

The report of the Governor of the Bank of Italy for 1929 contains interesting information about the number and mortality of Italian banks. At the end of 1927 there were 4,405 in operation; the number fell to 4,197 at the end of 1928 and 4,097 on 28 February 1930, with a decrease of 208 in 1928 and 118 in 1929 and the first two months of 1930. In reality the reduction was even larger since in the first two years of application of Decrees 1511/1926 and 1830/1926, which established a form of government supervision of banks and entrusted it to the Bank of Italy, many institutions were not caught by the Bank’s survey and did not register with the Ministry of Finance.

Suggested Citation

  • Luca Einaudi & Riccardo Faucci & Roberto Marchionatti, 2006. "Are there too many Banks in Italy?," Palgrave Macmillan Books, in: Luca Einaudi & Riccardo Faucci & Roberto Marchionatti (ed.), Luigi Einaudi, chapter 8, pages 103-111, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-52297-8_9
    DOI: 10.1057/9780230522978_9
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    Cited by:

    1. repec:bdi:workqs:qse_5 is not listed on IDEAS
    2. Gigliobianco Alfredo & Giordano Claire, 2012. "Does Economic Theory Matter in Shaping Banking Regulation? A Case-study of Italy (1861-1936)," Accounting, Economics, and Law: A Convivium, De Gruyter, vol. 2(1), pages 1-78, September.

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