The Italy Case (original) (raw)

1993, Annals of Public and Cooperative Economics

Although in the last few years the legal and regulatory framework of the Italian banking system has undergone significant changes, it is only recently that such changes have begun to produce substantial results. It is not an exaggeration to claim that the transformation under way will profoundly modify many aspects of the system itselfthe petrified forest has suddenly come alive. In several respects, the traditional picture of the Italian banking system may be said to be out of date. While it is true that the

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