{"id":260391,"date":"2026-07-13T17:37:24","date_gmt":"2026-07-13T14:37:24","guid":{"rendered":"https:\/\/1kitap1.com\/en\/financial-elites-and-european-banking-historical-perspectives-youssef-cassis-1\/"},"modified":"2026-07-13T17:37:24","modified_gmt":"2026-07-13T14:37:24","slug":"financial-elites-and-european-banking-historical-perspectives-youssef-cassis-1","status":"publish","type":"post","link":"https:\/\/1kitap1.com\/en\/financial-elites-and-european-banking-historical-perspectives-youssef-cassis-1\/","title":{"rendered":"Financial Elites And European Banking Historical Perspectives – Youssef Cassis (1)"},"content":{"rendered":"
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Table 4.8 shows that in the \ufb01rst two benchmark years these individuals constituted a high proportion (60 per cent or more) of all BLs and accounted for nearly two-thirds of total IDs generated by BLs. These \ufb01gures decreased after the collapse of the universal banks. Nonetheless, in 1960 still eleven BLs sat in at least one bank and one industrial \ufb01rm and they accounted for nearly a half of the IDs generated by BLs. In 1972 the corresponding \ufb01gures were nine BLs and 66 per cent of interlocks.43 This evidence seems to support Ferri and Trento\u2019s claim that, despite the 1936 Banking Law forbidding universal banking, banks and industrial \ufb01rms recreated their cooperative ties through the sharing of board members, espe- cially BLs, at least until the early 1970s.44 Moreover, the \ufb01nancial elite consti- tuted a large chunk of the corporate elite.<\/p>\n

Links between banks and industry seem to have dramatically weakened only in 1983 as a consequence of the sharp decline of the Italian corporate network as a whole. Thus, the massive BL turnover between 1972 and 1983 seems to have been characterized by the advent of a new generation of BLs much less connected to both banks and industry, that is, by a dramatic weakening of the \ufb01nancial elite and a reduction of its overlap with the corporate elite.<\/p>\n

However, in 2001, in the face of a further disentangling of the network, there was a resurgence of the ties between banks and industry Table 4.7. BLs by level of education University degree \u2013 Engineering \u2013 Law \u2013 Economics & Bus. Adm. \u2013 Agriculture \u2013 \u2013 \u2013 \u2013 \u2013 \u2013 \u2013 Mathematics \u2013 \u2013 \u2013 \u2013 \u2013 Chemistry \u2013 \u2013 \u2013 \u2013 \u2013 \u2013 \u2013 Philosophy \u2013 \u2013 \u2013 \u2013 \u2013 \u2013 \u2013 Physics \u2013 \u2013 \u2013 \u2013 \u2013 \u2013 \u2013 Statistics \u2013 \u2013 \u2013 \u2013 \u2013 \u2013 Diploma \u2013 Classical school \u2013 \u2013 \u2013 \u2013 Accountancy \u2013 \u2013 Normal school \u2013 \u2013 \u2013 \u2013 \u2013 Other or not indicated \u2013 Total 43 This result was principally due to the exceptional position of Massimo Spada, a \ufb01nancier strongly tied to the Vatican, who in 1972 generated 190 of the 727 IDs created by BLs (26 per cent of the total).<\/p>\n

44 Ferri and Trento, \u2018La dirigenza\u2019. Financial Elites and European Banking generated by BLs and increase of the weight of the \ufb01nancial elite in the corporate elite. An analysis of the directionality of interlocks provides us some further insights about the structure of the \ufb01nancial elite.<\/p>\n

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Oxford University Press is a department of the University of Oxford. It furthers the University\u2019s objective of excellence in research, scholarship, and education by publishing worldwide. Oxford is a registered trade mark of Oxford University Press in the UK and in certain other countries \u00a9 Oxford University Press 2018 The moral rights of the authors have been asserted First Edition published in 2018 Impression: 1 All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, without the prior permission in writing of Oxford University Press, or as expressly permitted by law, by licence or under terms agreed with the appropriate reprographics rights organization.<\/p>\n

Enquiries concerning reproduction outside the scope of the above should be sent to the Rights Department, Oxford University Press, at the address above You must not circulate this work in any other form and you must impose this same condition on any acquirer Published in the United States of America by Oxford University Press 198 Madison Avenue, New York, NY 10016, United States of America British Library Cataloguing in Publication Data Data available Library of Congress Control Number: 2018931820 ISBN 978\u20130\u201319\u2013878279\u20137 Printed and bound by CPI Group (UK) Ltd, Croydon, CR0 4YY Links to third party websites are provided by Oxford in good faith and for information only.<\/p>\n

Oxford disclaims any responsibility for the materials contained in any third party website referenced in this work. Contents List of Figures vii List of Tables ix List of Contributors xi Introduction 1 Giuseppe Telesca 1. Financial Crises and the Public Discourse on Financial Elites: A Comparison between the Great Depression and the Great Recession 17 Youssef Cassis and Giuseppe Telesca 2. Reshaping Strategies: Merchants and Bankers at the Time of the French Revolution 40 Niccol\u00f2 Valmori 3. Adjusting to Financial Instability in the Interwar Period: Italian Financial Elites, International Cooperation, and Domestic Regulation, 1919\u20131939 61 Giandomenico Piluso 4.<\/p>\n

Financial Elites and the Italian Corporate Network, 1913\u20132001 92 Alberto Rinaldi and Michelangelo Vasta 5. French Bankers and the Transformation of the Financial System in the Second Half of the Twentieth Century 117 Laure Quennou\u00eblle-Corre 6. Trust and Regulation in Corporate Capital Markets before 1914 134 Leslie Hannah 7. Financial Elites, Law, and Regulation: A Historical Perspective 158 T. T. Arvind, Joanna Gray, and Sarah Wilson 8. Central Bankers in Twelve Countries between 1950 and 2000: The Making of a Global Elite 182 Mikael Wendschlag 9.<\/p>\n<\/blockquote>\n

This is a short excerpt from the opening of “” by Unknown, quoted for review and introduction purposes. All rights belong to the copyright holders.<\/em><\/p>\n

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