According to Italian Constitution of 1947, household savings are to be protected, but this provision has been long neglected by legislation and governments. Inflation, unfair taxation, expropriations without just compensation and financial scandals have repeatedly and heavily affected the wealth...

THE CURRENCY BOARD AND THE RISE OF BANKING IN EAST AFRICA. The East Africa region consists today of three independent countries, Kenya, Tanzania (formerly Tanganyika) and Uganda, which, from the early 1920’s to the achievement of independence, formed an administrative unit under British rule:...

The study is concerned with a crucial period of the banking history of Ethiopia, almost untouched so far by the specializing literature, in which the banking industry was affected by important changes. The paper describes and analyses the reconstruction process of the banking system and the...

Household savings are to be protected by Authorities for ethical, social and economic reasons. However, inflation, unfair taxation, expropriations without just compensation and financial scandals have repeatedly and heavily affected the wealth of European households also since the end of World...

This paper highlights development of Ethiopian banking from the beginning of XX century to1936. In fact, the history of banking in Ethiopia dates back to the turn of the century, when, in1905, the Bank of Abyssinia was established in Addis Ababa, under the reign of Menelek II.This event marked...

EARLY DEVELOPMENT OF THE ROMANIA’S BANKING SYSTEM AND THE ROLE OF FOREIGN BANKS. The paper presents an historical synthesis of the rise and early growth of banking industry in Romania from mid-XIX century to the outbreak of World War I and concentrates on the last decades of this period. The...

The financial systems and financial markets of developing countries have a common feature: the dualism. This means the co-existence and operation side by side of a formal or institutional financial sector and of an informal or non-institutional financial sector. The great diversity of informal...

HISTORICAL, GEOPOLITICAL AND ECONOMIC FACTORS AFFECTING STATE AND NATION BOUNDARIES: FOREWORD ON ITALY’S BORDERS IN ISTRIA AND DALMATIA. - Boundaries of states are often taken as a given although they seem, in not a few instances, to be quite arbitrary. Their origins and changes through the...

The paper deals firstly with the assessment of nonfinancial firm’s risk exposure which has been deeply affected in the last two decades by the trend of market globalization and increased competition. In this new scenario we can note the weakening of the traditional separation between risks...

Corporate Financial Risk Management (CFRM) concerns the management of financial price risks in corporate entities, namely interest rates, exchange rates and the prices of commodities. Since its first implementation in the 80s, CFRM has evolved in three main steps. In the first step, banks...