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OECD Economic Surveys: Italy 2005

image of OECD Economic Surveys: Italy 2005

OECD's periodic survey of Italy's economy. This issue examines key policy challenges including continuing adjustment to the EMU, fiscal reform, enhancing corporate governance and the functioning of financial markets, migration, and reforms to expand employment and productivity.

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Corporate Governance and Market Liberalisation

The Scope for Improvement

The functioning of Italy’s financial and product markets has undergone major changes since the 1990s. Households have shifted their savings to the equity and corporate bond markets. However, they have been hurt by a series of bond defaults that have highlighted the urgency of improving bankruptcy procedures, corporate governance and financial market supervision.

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