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The European Association for Banking and Financial History (eabh) e.V.

The rise of modern banking in Naples

A comparative perspective

15 Jun 2017 at 8:30am

Naples, Italy

The conference, organised by Fondazione Banco di Napoli, Università degli Studi di Napoli Federico II, Banca d’Italia – Eurosistema,  will be held at the original site of the ancient Banco dei Poveri, which now hosts the Banco di Napoli Foundation and its imposing Historical Archive.

Experts from Italy, the United States, France, England, Ireland, Portugal and Austria will analyze one of the most controversial themes of historical and economic analysis: the “magic of credit”; the “mystery” of the nature of currency and banks. It was in Naples – this is the claim, supported by the documents in the Historical Archives – that the first fiduciary circulation was created, thanks to the public banks. These banks, in addition to their orthodox, profit-oriented economic activity, maintained a philanthropic identity for centuries: a very different tradition from the purely mercantile origins which dominated the Anglo-Saxon tradition. The social economic context in which the modern bank was created (the Kingdom of Naples under Spanish rule) and the fusion of the philanthropy of the “monti” and the mercantile aspects of the “banchi” will be the central focus of the convention.

The conference will be closed by the Governor of the Banca d’Italia.

Programme

Day 1 15 June 2017
08.30Registration of participants and welcome coffee
09.00WELCOME ADDRESSES

Gaetano Manfredi, Rector, Università di Napoli Federico II

Daniele Marrama, President, Fondazione Banco di Napoli

Marco Musella, Vice President, Fondazione Banco di Napoli
09.30SESSION 1
THE RISE OF MODERN BANKING IN NAPLES

Chair: Lilia Costabile, Università di Napoli Federico II

The Public Banks of Naples between Financial Innovation and Crisis
Lilia Costabile, Università di Napoli Federico II
Eduardo Nappi, Director, Archivio Storico del Banco di Napoli

The Investments of Neapolitan Public Banks: a Long Run View (1587-1863)
Francesco Balletta, Università di Napoli Federico II
Luigi Balletta, Università di Palermo
Eduardo Nappi, Director, Archivio Storico del Banco di Napoli

Before the Public Banks. Charity, Assistance and the Economy in
15th Century Naples
Rosalba di Meglio, Università di Napoli Federico II

Between Assistance and Credit. The evolution of the Neapolitan
Banking System (16th - 17th Century)
Paola Avallone and Raffaella Salvemini
CNR, Istituto di Studi sulle Società del Mediterraneo

Discussion
12.00Visit to the Historical Archives of the Banco di Napoli
13.00Lunch
14.30SESSION 2
COMPARATIVE PERSPECTIVES: EARLY BANKING IN
SOUTHERN EUROPE

Chair: Barry Eichengreen, University of California, Berkeley

Public Banks in Early Modern Europe
François R. Velde, Federal Reserve Bank of Chicago

A Tale of Three Banking Systems: Florence, Genoa and Venice in the
Renaissance
Luciano Pezzolo, Università Ca’Foscari, Venice

The Bank of Santo Spirito in Rome
Luigi De Matteo, Università L’Orientale, Napoli

Discussion
16.30ROUND TABLE 1
THE INTELLECTUAL ENVIRONMENT

Chair: José Luís Cardoso, Universidade de Lisboa

The Cultural Heritage of the Public Banks of Naples
Fabio Mangone, Università di Napoli Federico II

The Economic Languages of Credit and Public Debt between the 13th
and the 16th Centuries
Giacomo Todeschini, Wissenschaftskolleg zu Berlin

Fiduciary Money and Banking in Neapolitan Economic Thought
Lilia Costabile and Rosario Patalano, Università di Napoli Federico II

Broggia and Galiani on Banking Activities
André Tiran, Université de Lyon

Genovesi, ‘Economia Civile’ and the Political Economy of
Enlightenment
José Luís Cardoso, Universidade de Lisboa

Conclusions
Giampaolo D’Andrea, Chief of Cabinet of Ministry of Cultural Heritage
End18.30
Day 2 16 June 2017
09.00SESSION 3
COMPARATIVE PERSPECTIVES: EARLY BANKING IN
CONTINENTAL EUROPE

Chair: Antoin E. Murphy, Trinity College Dublin

John Law: a 21st Century Banker in the 18th Century
Antoin E. Murphy, Trinity College Dublin

An Early Example of ‘Permazero’: the Bank of Amsterdam, 1736-1791
William Roberds, Federal Reserve Bank of Atlanta
Stephen Quinn, Texas Christian University

Public Banking in 18th Century Austria
Clemens Jobst, Oesterreichische Nationalbank

Discussion
11.00Coffee break
11.30FINANCIAL SECTOR RESPONSES TO WAR AND CRISES:
THE THIRTY YEARS’ WAR

Chair: Larry Neal, University of Illinois at Urbana-Champaign

The Variety of European Innovations in War Finance during the
Thirty Years’ War
Larry Neal, University of Illinois at Urbana-Champaign

Species of Excise-Backed Paper during the English Civil Wars and
Interregnum: Securitisation versus Monetisation, 1643-1660
D’Maris Coffman, University College London

Conflicts, Financial Innovations and Economic Trends in the
Italian States during the Thirty Years’ War
Giuseppe De Luca, Università di Milano

Discussion
13.30Lunch
14.30ROUND TABLE 2
THE USE OF ARCHIVES FOR FINANCIAL HISTORY

Chair: Alfredo Gigliobianco, Chief, Economic History and Historical
Archives Division, Structural Studies Department, Banca d’Italia

Introduction to an Information System of the Historical Archive
of a Credit Institution
Paolo Franzese, Superindentent of the Archives in Campania

The Historical Archives of the Bank of Naples
Eduardo Nappi, Director, Archivio Storico del Banco di Napoli

Financial Case Histories: Opening up the Archives of Litigation
Amanda Bevan, Principal Records Specialist, Legal Records Advice
and Records Knowledge Department, The National Archives

Research and the Changing Nature of Documents
Alfredo Gigliobianco, Chief, Economic History and Historical
Archives Division, Structural Studies Department, Banca d’Italia
16.30End
20.00Official dinner
Day 317 June 2017
09.30SESSION 5
BETWEEN PAST AND PRESENT

Chair: Ignazio Visco, Governor, Banca d’Italia

Profit and Non-profit Motives in the Public Banks of Naples:
an Old Model in Modern Perspective
Adriano Giannola, Università di Napoli Federico II

Public Banks and the Great Financial Crisis of 2007-2008
Gerald Epstein and Devika Dutt
University of Massachusetts, Amherst

Banks, Financial Markets, and the Making of International Currencies
Barry Eichengreen, University of California, Berkeley

The Changing Role of Central Banks
Charles Goodhart, London School of Economics

Discussion
12.00Concluding Remarks
Ignazio Visco, Governor, Banca d’Italia
12.30Refreshments
13.30 Close

Date

15 Jun 2017 at 8:30am to 17 Jun 2017 at 1:30pm

Location

Fondazione Banco di Napoli
Via dei Tribunali, 213
80139 Naples

Naples, Italy

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