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Banking Institutions

In: Private Bankers in the Italian 19th Century

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  • Luciano Maffi

    (Bocconi University)

Abstract

This chapter analyzes the role of Banking Institutions, with particular attention to the Kingdom of Sardinia, where a structural change began thanks to the role of the private bankers. It was an evolutionary process that had already matured in numerous other economically more advanced European countries. The changes involve public debt management, credit and financial institutions, and money supply. The causes can be traced back to the increase in national and international commercial traffic, to industrial and infrastructural development: new dynamisms that require complex intermediation systems for payments. This chapter also presents the role that the banking institutions of the Kingdom of Sardinia had in growth and development of Italian unification (not just political unification).

Suggested Citation

  • Luciano Maffi, 2020. "Banking Institutions," Palgrave Studies in Economic History, in: Private Bankers in the Italian 19th Century, chapter 0, pages 47-82, Palgrave Macmillan.
    • Handle: RePEc:pal:palscp:978-3-030-63361-5_3
    DOI: 10.1007/978-3-030-63361-5_3
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