Performance and Efficiency of the Italian Banking System
This chapter describes the Italian banking system’s main performance figures between 1999 and 2010. This was a period of several international crises, which also had domestic impacts. The first crisis, in the late 1990s, was due to the market collapse in a number of Asian countries and Russia, followed by the failure of a leading investment fund, Long-Term Capital Management (LTCM). The second crisis, during 2000–01, was triggered by the bursting of the dot.com bubble. Finally, the current financial crisis began in mid-2007 and caused a general recession across the economy, which is still struggling to recover even as of this writing, at the end of 2011, although conditions vary from country to country.
KeywordsTotal Asset Banking Sector European Monetary Union Banking Group Financial Leverage
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