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Bank Intermediation under Flexible Deposit Rates and Controlled Credit Allocation: the Italian Experience

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Competition and Regulation in Financial Markets

Abstract

The most striking feature of the Italian financial structure, compared to those of other industrial countries, is an extremely high and rising degree of liquidity. In the last two decades, and particularly in the 1970s, the process of capital formation has been associated with a very pronounced monetisation, money balances being by far the asset most largely accumulated by ultimate wealth-owners. This trend has been made possible, and to some extent stimulated, by a marked expansion of the intermediation performed by the commercial banking system.

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Authors
  1. Mario Monti
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  2. Angelo Porta
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  3. Paul de Grauwe
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Editor information

Editors and Affiliations

  1. Katholieke Universiteit Leuven, Belgium

    Albert Verheirstraeten (Associate Professor of Economics) (Associate Professor of Economics)

Copyright information

© 1981 Albert Verheirstraeten

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Cite this chapter

Monti, M., Porta, A., de Grauwe, P. (1981). Bank Intermediation under Flexible Deposit Rates and Controlled Credit Allocation: the Italian Experience. In: Verheirstraeten, A. (eds) Competition and Regulation in Financial Markets. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-05585-2_6

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