Crisi finanziaria in corso e insegnamenti che si possono trarre

THE CURRENT FINANCIAL CRISIS AND LESSONS WHICH CAN BE GAINED - This paper investigates the main causes of the current crisis of the global financial system. Since the development of modern banking in Italian renaissance, financial crises have from time to time affected institutions and markets and have raised concern about the stability of financial systems. Authorities and scholars around the world have analysed the matter and discussed on the proximate and more distant causes of crises. Governments and financial authorities are engaged intensively in identifying causes and in gaining lessons from the experience of the past in order to implement the appropriate steps. In fact they are called to improve the oversight of financial system and to strengthen banks and other financial institutions with the aim of minimizing vulnerability of financial market in the future. The paper focuses on the analysis of the most important factors contributing to the triggering of the current financial crisis since its onset, the peculiarities and the lessons of the crisis.