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 acivities in Italy. However, the economic recession that hit the real economy as a consequence of the financial market turmoil is likely to he heavy and prlonged in Italy.
| Original language | English |
|---|---|
| Title of host publication | Southern Europe and the Financial Earthquake: Coping with the First Phase of the International Crisis |
| Publisher | Taylor & Francis |
| Pages | 7-18 |
| Number of pages | 12 |
| ISBN (Print) | 9781317622352, 9781138803107 |
| Publication status | Published - 14 Apr 2016 |