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The privatization of the Italian savings banks is often described as a success story. Proponents of privatization argue … loans. However, this success has to be attributed to a broad set of reforms, which went far beyond the privatization of … savings banks. Moreover, Italy had a different starting point before the reforms, and the structure of the public banking …
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directions since then: Italy privatized its publicly-owned banks while Germany has maintained a large share of state … market integration ; deregulation ; total factor productivity ; Italy ; Germany. …
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