Freedom without capital. The Sardinian banking crisis of 1887

Author/s Francesco Sanna
Publishing Year 2020 Issue 2020/109 Language Italian
Pages 25 P. 46-70 File size 178 KB
DOI 10.3280/PASS2020-109003
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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.

Keywords: Banks, Sardinia, 1887, Crisis

Francesco Sanna, Libertà senza capitali. La crisi bancaria sarda del 1887 in "PASSATO E PRESENTE" 109/2020, pp 46-70, DOI: 10.3280/PASS2020-109003