Aspects and problems of the Italian stock market
DOI:
https://doi.org/10.13133/2037-3643/12830Keywords:
Italian stock market, foreign investments, regulation, monetary adjustment, taxes, dividends, legislationAbstract
In the first quarter of 1948 the Italian Government issued measures of notable interest for the stock-market, regulating foreign investments, the revaluation of the capital of companies for monetary adjustment, the alleviation of certain taxes on dividends. These new measures are an important - if not conclusive - link in the work of revising the restrictions and fiscal burdens that had been accumulating in Italy during the period of war economy on investments in share-securities. The present article offers an exhaustive survey of the complicated vicissitudes of this legislation in the last ten years, of the corresponding reaction of the Italian stock-market, and of their interplay and calls attention to the characteristic features of the present situation which, after the exceptional ups and downs of the quotations in 1947, is still in a phase of expectation and uncertainty.
JEL: G10, F21, F32
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