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Il dibattito sul futuro del sistema finanziario italiano alla Assemblea Costituente

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  • Michele Bagella

    (Università di Roma "Tor Vergata")

Abstract

After the Second World War, as the Assemblea Costituente was drafting the new republican Constitution, an intense debate took place among its members as to what model to adopt for the Italian economy. A special Commission, the "Credit Commission", was set up to revise the 1936 banking law, introducing new credit institutions to provide medium-and long-term financing to the industrial sector. Less attention was devoted to the Stock Exchange. Eminent academic, political and institutional representatives sat on the Credit Commission, whose activities included closed-door debates and the hearing of top bank and industrial managers. Based on original sources and on previous research work, the paper discusses the opinions of the Commission key members, opinions which set the stage for the modernisation of Italy’s financial system in the context of European integration.

Suggested Citation

  • Michele Bagella, 2006. "Il dibattito sul futuro del sistema finanziario italiano alla Assemblea Costituente," Rivista di Politica Economica, SIPI Spa, vol. 96(4), pages 51-81, July-Augu.
    • Handle: RePEc:rpo:ripoec:v:96:y:2006:i:4:p:3-46
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    References listed on IDEAS

    as
    1. Russell Cooper & Andrew John, 1988. "Coordinating Coordination Failures in Keynesian Models," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 103(3), pages 441-463.
    2. Allen, Franklin & Santomero, Anthony M., 1997. "The theory of financial intermediation," Journal of Banking & Finance, Elsevier, vol. 21(11-12), pages 1461-1485, December.
    3. Stiglitz, Joseph E & Weiss, Andrew, 1981. "Credit Rationing in Markets with Imperfect Information," American Economic Review, American Economic Association, vol. 71(3), pages 393-410, June.
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    More about this item

    JEL classification:

    • E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles
    • E4 - Macroeconomics and Monetary Economics - - Money and Interest Rates
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • N2 - Economic History - - Financial Markets and Institutions

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