Savings and Development
ISSN 0393 - 4551

A journal established by Giordano Dell’Amore Foundation (formerly Finafrica) in 1977. Handed over to the University of Bergamo, starting from issue n. 3, 2007.
Published by Sestante Edizioni-Bergamo University Press up to 2010, the journal is now published Open Access by Università degli studi di Bergamo.
Homepage: Savings and Development.

Direttore Responsabile
Felice Tambussi

Editor
Laura Viganò Università degli Studi di Bergamo

Editorial Board
O. Felix Ayadi Texas Southern University
Sergio Bortolani Università degli Studi di Torino
Franz Heidhues Universität Hohenheim
Yoichi Izumida University of Tokyo
Paolo Mottura Università Bocconi, Milan
Victor Murinde University of Birmingham
J.D. Von Pischke Reston, Virginia, USA
Paul Wachtel Stern School of Business, New York University
Jacob Yaron College of Management, Israel

Advisory Board
Dale W Adams Professor Emeritus, The Ohio State University
Jack M. Guttentag Professor Emeritus, Wharton School, University of Pennsylvania
Ronald I. McKinnon Stanford University
Hugh Patrick Professor Emeritus, Columbia Business School

Honorary Editors
Mario Masini, Università degli Studi di Bergamo
Arnaldo Mauri, Università degli Studi di Milano