La banca italiana nel mercato globale

Italian Banks in the Global Marketplace

Abstract disponibile solo in lingua inglese

The Italian banking system has been exposed to mounting pressure due both to increasing competition from non-banking companies and to institutional innovations. The author discusses the hypothesis of a systemic crisi in banking – a crisis which, he argues, would be different from others in the recent past. He suggests that a systemic crisis in the Nineties would lead not to disruption and panic, but to a gradual colonisation of the domestic financial system by foreign competitors. The process of allocation of financial resources would, in that case, be partially guided by non-domestic priorites, an event of the greatest relevance at a time in which market competition at the international level is increasingly turning into competition among different national socio-economic systems. The author proposes a solution in the form of a liberalisation of the financial sector from many of its existing administrative obligations, primarily from the implicit constraints which still limit the access of fresh private capital to the banking sector.