It takes the average reader 1 hour and 2 minutes to read Crisis and Reform: The 1893 Demise of Banca Romana by Mr.Marco Pani
Assuming a reading speed of 250 words per minute. Learn more
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 capital inflows, which provoked an asset price bubble and other imbalances. A system of corruption and collusion with politicians and journalists enabled the bank managers to run risky and illegal operations – effectively, asset-stripping – undetected and unhindered. As a result, it would not have been easy for an observer not endowed with investigative powers to detect the mounting risks, while the government, which had these powers, failed to take action when needed and concealed critical information from the public. When the crisis erupted, its resolution was facilitated by a previous, decade-long debate on the reform of the banking system which had led to the exploration and development of possible solutions that could then be rapidly implemented.
Crisis and Reform: The 1893 Demise of Banca Romana by Mr.Marco Pani is 62 pages long, and a total of 15,624 words.
This makes it 21% the length of the average book. It also has 19% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 25 minutes to read Crisis and Reform: The 1893 Demise of Banca Romana aloud.
Crisis and Reform: The 1893 Demise of Banca Romana is suitable for students ages 8 and up.
Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.
When deciding what to show young students always use your best judgement and consult a professional.
Crisis and Reform: The 1893 Demise of Banca Romana by Mr.Marco Pani is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.
To buy Crisis and Reform: The 1893 Demise of Banca Romana by Mr.Marco Pani on Amazon click the button below.
Buy Crisis and Reform: The 1893 Demise of Banca Romana on Amazon