Beginning in 1985 Italy embarked on a path of progressive removal of its system of controls on portfolio investment, a process formally completed with the abolition of all remaining restrictions in 1990. In this paper we review this policy of capital liberalization and integrate the analysis...

This paper analyzes the basic banking sector development processes viewed through development of the financial markets, stock-exchange operations and trading with the shares -- particularly those originating from privatization -- as well as through protection of the rights and interests of...