The response to the global financial turmoil in Italy: a financial system that does not speak English

Quaglia, Lucia (2009) The response to the global financial turmoil in Italy: a financial system that does not speak English. South European Society and Politics, 14 (1). pp. 7-18. ISSN 1360-8746

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Abstract

Addressing the response to the global financial turmoil in Italy, it is argued that in comparison with other financial systems in Europe and worldwide, the Italian financial system has not been dramatically affected by the financial turmoil for two main reasons: the solid framework for financial regulation and supervision and the traditional unsophisticated configuration of financial activities in Italy. However, the economic recession that hit the real economy as a consequence of the financial market turmoil is likely to be heavy and prolonged in Italy.

Item Type: Article
Keywords: Financial Crisis, Financial Regulation, Financial Supervision, Italy, Banks, Rescue Plan
Schools and Departments: School of Law, Politics and Sociology > Politics
Depositing User: Lucia Quaglia
Date Deposited: 06 Feb 2012 19:30
Last Modified: 22 Jun 2012 09:28
URI: http://sro.sussex.ac.uk/id/eprint/20929
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