Abstract
The event of 1947 have afforded exceptional proof of the important part played by baking activities in monetary dynamics, and have assigned a central place to credit policies in Italian economy. The present article brings up to date the information on the legislative measures and more especially the statistical data affecting the more important recent developments, covering the provisions regulating the relations between the Bank of Italy and the Treasury, the movement of bank deposits and investments in the various phases, their reciprocal inter-action, the changes that have occurred in the positions of the several groups of credit institutions, the alterations in the distribution of bank investments between the Treasury and business activities. JEL: G21, G28, E58
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