Jump to ContentJump to Main Navigation
Conservatives Versus WildcatsA Sociology of Financial Conflict$
Users without a subscription are not able to see the full content.

Simone Polillo

Print publication date: 2013

Print ISBN-13: 9780804785099

Published to Stanford Scholarship Online: September 2013

DOI: 10.11126/stanford/9780804785099.001.0001

Show Summary Details
Page of

PRINTED FROM STANFORD SCHOLARSHIP ONLINE (www.stanford.universitypressscholarship.com). (c) Copyright Stanford University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in SSO for personal use.date: 28 May 2020

Italian Creditworthiness From Central to National

Italian Creditworthiness From Central to National

(p.182) 6 Italian Creditworthiness From Central to National
Conservatives Versus Wildcats

Simone Polillo

Stanford University Press

In 19th-century Italy, fiscal and administrative centralization favored the wildcats, and in the struggle over creditworthiness that ensued, wildcats and conservative bankers fought by articulating more general criteria of creditworthiness than the privatized ones that took precedence in decentralized polities--such as the United States. The chapter focuses on the ways that Italian political elites dealt with international constraints on their capacity to borrow, in particular through their relationship with the Banca Nazionale, and a policy of budget austerity). The chapter also highlights the threats to sound banking deriving from the increasing democratization of the polity, and how the Bank of Italy responded to them by reframing creditworthiness in terms of the national interest.

Keywords:   Italian wildcats, international economy and capital, budget austerity, democratization, nationalism and creditworthiness

Stanford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us.