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Financial Intermediation: The Rothschilds and the Private Bankers in the Kingdom of Sardinia

In: Private Bankers in the Italian 19th Century

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  • Luciano Maffi

    (Bocconi University)

Abstract

This chapter illustrates the relevance of the relational network connecting the Parodi banking house with international economic actors, such as the Rothschilds, the Avigdor, the Leoninos, the Hambros, the De la Ruë brothers, and the Torlonia. The purpose of the relationships is the placement of national and international government loans. Here, therefore, is a clearer description of how the nineteenth-century credit-finance machine moves thanks to a complex mechanism of multiple gears, some of which show their indispensable function. I analyze how the placement of the Sardinian loans (1849–1850) is very important in understanding the skills of Sardinian bankers.

Suggested Citation

  • Luciano Maffi, 2020. "Financial Intermediation: The Rothschilds and the Private Bankers in the Kingdom of Sardinia," Palgrave Studies in Economic History, in: Private Bankers in the Italian 19th Century, chapter 0, pages 83-129, Palgrave Macmillan.
    • Handle: RePEc:pal:palscp:978-3-030-63361-5_4
    DOI: 10.1007/978-3-030-63361-5_4
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