Crisis and Reform : The 1893 Demise of Banca Romana /

More than a century later, the Banca Romana crisis still provides useful insights on the challenges of preserving financial stability. This paper reviews the case and discusses implications that can be relevant today. The crisis was spurred by an unsustainable credit expansion encouraged by capital...

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Bibliographic Details
Main Author: Pani, Marco
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2017.
Series:IMF Working Papers; Working Paper ; No. 2017/274
Online Access:Full text available on IMF