The Italian Financial System Remodelled

List of Tables List of Figures Preface PART 1: A MUTATION The New Forms of the Italian Financial System Finance and the Sectors of the Economy A Tendency to Converge? PART 2: THE INSTITUTIONAL AND ANALYTICAL FRAMEWORK The Legal Order Taxation Supervision Competition PART 3: THE LEGAL ORDER The Amendments to the Legal Framework of Banking and Finance The Legal System: An Overview The Adequacy of the Legal System The Legal Order and Change PART 4: TAXATION The Fiscal Burden and Tax Neutrality for the Financial Sector Taxation and the Structure of the Financial System The Revised Model Taxation and Change PART 5: SUPERVISION Independent Authorities The Bank of Italy: Monetary Management and Supervision The Bank of Italy's Supervisory Activities Supervision and Change PART 6: COMPETITION The Initial Conditions and the Turning-point of the Seventies Up to 1990 After 1990 Competition and Change PART 7: PERFORMANCE Banks Institutional Investors and Markets The Financial Industry: Advances and Lags PART 8: A STAGNANT ECONOMY The Stagnation of the Italian Economy in the 1990s The Causes: 'Real', Not Financial PART 9: FINANCE AND GROWTH Schumpeter Revisited Better Finance, More Growth Quid Agendum PART 10: THE OUTLOOK Notes References Index