The privatization of the Italian savings banks is often described as a success story. Proponents of privatization argue … Italian experience can really serve as a role model for Germany. Our analysis confirms that the Italian reforms of the 1990s … loans. However, this success has to be attributed to a broad set of reforms, which went far beyond the privatization of …

dabei die Entwicklung in den letzten 15 Jahren in den Blick. Frühere Studien für Deutschland weisen darauf hin, dass das … give a bird view of the evolution during the past 15 years. Previous studies on Germany point to a banking system dominated …