In this paper, we present different models of banking strategies followed by two major Italian public banks in the 1930s. Monte dei Paschi di Siena and Banco di Sicilia are interesting case studies for a number of reasons: their strong regional connections; their long-standing struggle for political independence from national monetary authorities; their common attempt to modify the scale and scope of their business with the creation of integrated groups; the early internationalization of activities. In the paper we examine how the two banks were affected by (and involved in) the major financial and economic crisis of the 1930s and show how their strategies and models of banking were altered by the external shocks. At the same time, we reconstruct the role played by banking authorities and other important stakeholders.

Asso, P., Nerozzi, S., Preserving Financial Stability in Times of Crisis. A Tale of Two Public Banks: Monte dei Paschi di Siena and Banco di Sicilia, 1929-1940, <<THE JOURNAL OF EUROPEAN ECONOMIC HISTORY>>, 2018; 47 (2): 9-39 [http://hdl.handle.net/10807/179921]

Preserving Financial Stability in Times of Crisis. A Tale of Two Public Banks: Monte dei Paschi di Siena and Banco di Sicilia, 1929-1940

Nerozzi, Sebastiano
2018

Abstract

In this paper, we present different models of banking strategies followed by two major Italian public banks in the 1930s. Monte dei Paschi di Siena and Banco di Sicilia are interesting case studies for a number of reasons: their strong regional connections; their long-standing struggle for political independence from national monetary authorities; their common attempt to modify the scale and scope of their business with the creation of integrated groups; the early internationalization of activities. In the paper we examine how the two banks were affected by (and involved in) the major financial and economic crisis of the 1930s and show how their strategies and models of banking were altered by the external shocks. At the same time, we reconstruct the role played by banking authorities and other important stakeholders.
2018
Inglese
Asso, P., Nerozzi, S., Preserving Financial Stability in Times of Crisis. A Tale of Two Public Banks: Monte dei Paschi di Siena and Banco di Sicilia, 1929-1940, <<THE JOURNAL OF EUROPEAN ECONOMIC HISTORY>>, 2018; 47 (2): 9-39 [http://hdl.handle.net/10807/179921]
File in questo prodotto:
Non ci sono file associati a questo prodotto.

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/10807/179921
Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus 1
  • ???jsp.display-item.citation.isi??? ND
social impact