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Italian multinational banking in interwar east central Europe

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  • STANCIU, LAURA

Abstract

Laura Stanciu, Italian multinational banking in interwar east central EuropeThis article examines the interwar development of multinational investment undertaken by the most prominent Italian universal bank — Banca Commerciale Italiana — in Bulgaria, Hungary, Poland and Romania, referred to here as east central Europe. It analyses the extent to which considerations concerning universal banking's development are valid in the case of Italian multinational investment in this region. The article is neither a study of the 1930s financial crisis nor an analysis of the Italian universal banking per se. Instead, it questions the implicit relationship between the fate of the activities of Banca Commerciale Italiana in east central Europe and the general problems of the universal banking system during the early 1930s. Evidence seems to suggest that the bank's withdrawal from the region, beginning in the late 1920s, was more a result of managerial shortcomings and unsound investment decisions than the crisis.

Suggested Citation

  • Stanciu, Laura, 2000. "Italian multinational banking in interwar east central Europe," Financial History Review, Cambridge University Press, vol. 7(1), pages 45-66, April.
    • Handle: RePEc:cup:fihrev:v:7:y:2000:i:01:p:45-66_00
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    Cited by:

    1. Mutinelli, Marco & Piscitello, Lucia, 2001. "Foreign direct investment in the banking sector: the case of Italian banks in the '90s," International Business Review, Elsevier, vol. 10(6), pages 661-685, December.
    2. Arnaldo MAURI & Claudia Gabriela BAICU, 2010. "Le istituzioni finanziarie della Romania nel periodo infrabellico (Financial institutions in interwar Romania)," Departmental Working Papers 2010-03, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    3. Marina Murat & Barbara Pistoresi & Alberto Rinaldi, 2008. "Italian Diaspora and Foreign Direct Investment: A Cliometric Perspective," Center for Economic Research (RECent) 013, University of Modena and Reggio E., Dept. of Economics "Marco Biagi".

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