Università Roma Tre

The role of capital in the industrial revolution
– Bank oriented and market oriented systems
– The evolution of the relationship between banks and industry in Italy from the period of Italian Unification until the banking legislation of 1936
– The IMI and IRI banks and the birth of the ‘State as businessman’
– The international gold standard (1870-1914)
– Decentralisation and financial instability between the two world wars
– The Great Depression of 1929
– The Bretton Woods system (1944-1971)
– From fluctuating exchange rates to the birth of the European Monetary System
– The evolution of public finances
– The system of state-controlled companies in Italy from the post-Second World War to privatisations in the 1990s

B. EICHENGREEN, Globalizing Capital: A History of the International Monetary System, PUP, 2008
V. TANZI, Government versus Markets. The Changing Economic Role of the State, CUP, 2014