The Sardinian banking crisis in 1887 prefigured at a regional level a range of problems that a few months later would also emerge in the national banking crisis: a failure to diversify the portfolio, a lack of vigilance, inexperience and an absence of any serious rescue attemps by the issuing banks and the political classes. In the Sardinian case a shortage of capital and the weakness of the island’s economy were additional factors. After the failure of its banking system, Sardinia would have to wait a long time to recover
Libertà senza capitali. La crisi bancaria sarda del 1887
Sanna, Francesco
2020-01-01
Abstract
The Sardinian banking crisis in 1887 prefigured at a regional level a range of problems that a few months later would also emerge in the national banking crisis: a failure to diversify the portfolio, a lack of vigilance, inexperience and an absence of any serious rescue attemps by the issuing banks and the political classes. In the Sardinian case a shortage of capital and the weakness of the island’s economy were additional factors. After the failure of its banking system, Sardinia would have to wait a long time to recover
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