Teacher
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D'ERRICO RITA MARIA MICHELA
(syllabus)
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
(reference books)
L. NEAL, A Concise History of International Finance. From Babylon to Bernanke, CUP, 2015, 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
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