Recent banking developments in Italy: December 1947-September 1949
The article surveys the main aspects of Italian banking activity since 1947. The first part of the article deals with the trend of alien funds, the factors affecting growth of deposits and current accounts and the present structure of interest rates. In the second part, the trend of the principal a...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Associazione Economia civile
2014-10-01
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| Series: | PSL Quarterly Review |
| Subjects: | |
| Online Access: | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/12857 |
| Summary: | The article surveys the main aspects of Italian banking activity since 1947. The first part of the article deals with the trend of alien funds, the factors affecting growth of deposits and current accounts and the present structure of interest rates. In the second part, the trend of the principal assets of the banking system is studied; the relations between investments on behalf of the Government and credits to clients; the distribution of credits as among the several branches of economic activity; the effects of the system of reserve requirements introduced in September 1947. The survey closes with a reference to the discussion between the advocates of a more aggressive policy of credit expansion and the supporters of a cautious monetary policy.
JEL: G21, E43, E50
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| ISSN: | 2037-3635 2037-3643 |