Liberalizzazione, concentrazione e diversificazione del sistema bancario italiano
Journal title ECONOMIA E POLITICA INDUSTRIALE
Author/s Angelo Baglioni
Publishing Year 2009 Issue 2009/3 Language Italian
Pages 13 P. 7-19 File size 594 KB
DOI 10.3280/POLI2009-003002
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Deregulation, consolidation and diversification of the Italian banking system - Starting from the early nineties, the Italian banking system has undergone a deep process of deregulation, consolidation and diversification. The deregulation process has enabled Italian banks to enter new - geographical and product - markets. The single European market has introduced a competitive challenge from abroad. The concentration process may be explained on several grounds. Smaller banks have aimed at reaching a more efficient scale of production. Deals involving banks located in Northern and Southern Italy had a prudential rationale, given the weakness of Southern banks. Large banks have presumably pursued a defensive strategy, due to the threat of take-overs from abroad. An important role has been played by the moral suasion exerted by the Bank of Italy. Deregulation and consolidation have come along together with an increase of the competitive pressure, as shown by the decline of interest rate margins. Banks have reacted by diversifying their business, in order to expand their sources of revenue and to create switching costs for their customers (by selling bundles of services).
Keywords: banks, deregulation, consolidation, competition
Parole chiave: banche, liberalizzazione, concentrazione, concorrenza
Jel Classification: G21 - L89
- A more German Italy? Competition and the development of relationship lending Francesco Stolfi, in Review of International Political Economy /2018 pp.553
DOI: 10.1080/09692290.2018.1480514
Angelo Baglioni, Liberalizzazione, concentrazione e diversificazione del sistema bancario italiano in "ECONOMIA E POLITICA INDUSTRIALE " 3/2009, pp 7-19, DOI: 10.3280/POLI2009-003002