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.
The response to the global financial turmoil in Italy
QUAGLIA, LUCIA
2009
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.File in questo prodotto:
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