During the 1880s, a massive speculative boom occurred in the Roman real estate market. Its subsequent crash left a lasting mark on the structure of the city and triggered a nationwide banking crisis. This article analyses the causes of this boom and bust by showing how a small but cohesive lobby managed to bypass and bend to its own advantage formal regulation by exploiting institutional conflicts and political divisions at both national and local level. © 2012 Cambridge University Press.

'Rome wasn't built in a day': Lobbies, institutions and speculation in the 1880s building fever

Di Martino P.
2012-01-01

Abstract

During the 1880s, a massive speculative boom occurred in the Roman real estate market. Its subsequent crash left a lasting mark on the structure of the city and triggered a nationwide banking crisis. This article analyses the causes of this boom and bust by showing how a small but cohesive lobby managed to bypass and bend to its own advantage formal regulation by exploiting institutional conflicts and political divisions at both national and local level. © 2012 Cambridge University Press.
2012
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Di Martino P.
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/2318/1740060
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