From Antonio Carattoni a book on the history of San Marino’s financial scandals
“Financial scandals in the history of the Small State” with this title, Antonio Carattoni, an expert San Marino economist, tells in great detail, the most famous and striking facts in the economic history of the Republic of San Marino, from the forgers of 1700 to the vicissitudes of the Banca Mutua Popolare, from the Premiums to the case of the Ercolani furniture factory.
The Aiep publishing house explains that in the volume “the similarities between the financial cracks experienced in history and those of today are strong. In the epochs in which San Marino was moved by the need to treat a condition close to poverty, the political and entrepreneurial class chose sometimes roads that proved to be illusory and harbingers of serious consequences “.
Antonio Carattoni’s work analyzes the complex contests in which the Republic found itself involved in attempt to expand the financial base, ended up in bankruptcy in most cases, if not also in scandal.
“It causes despair – explains the publisher – to relive those years in which the State was approaching an unknown world like that of finance and to realize today that that historical heritage was not understood and acquired as a negative example. Of course the figures have changed, but the modalities, the intentions, the weaknesses, the burnt hopes are the same.
We are therefore faced with the story of an economic history which, without ever delving into the present, is nevertheless capable of foreshadowing it “.
The book is available in physical and online bookstores and, only in the Republic of San Marino, on newsstands.
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