Chapter 1: Introduction -- Part I: The management of banking crises in Italy: old and new solutions in a framework of increasing complexity -- Chapter 2: The overall picture. System weaknesses and individual problems -- Chapter 3: The Tercas case: a watershed -- Chapter 4: The first application...

More than a century later, the Banca Romana crisis still provides useful insights on the challenges of preserving financial stability. This paper reviews the case and discusses implications that can be relevant today. The crisis was spurred by an unsustainable credit expansion encouraged by...