ABSTRACT

THE banking organization of Italy follows to some extent the general Continental tendencies, but presents also certain distinctive features.

Like other Continental countries, 'the control of the State over the central institution is more pronounced than is the case in England, while the active participation in industrial concerns which manifests itself in France, and particularly in Germany, had in 1921 an unfortunate sequel in a financial crisis of great magnitude, involving the failure of one of the chief banks in the country.