ISSN 0393-4551

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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.

Editorial and Advisory board

Managing Editor

• Laura Viganò, Università degli Studi di Bergamo

Co-editor

• Davide Castellani, Università degli Studi di Bergamo

Editorial board

• O. Felix Ayadi, Texas Southern University
• Sergio Bortolani, Università degli Studi di Torino
• Yoichi Izumida, University of Tokyo
• Victor Murinde, University of Birmingham
• Paolo Mottura, Università Bocconi, Milan
• Paul Wachtel, Stern School of Business, New York University

Advisory board

• Hugh Patrick, Professor Emeritus, Columbia Business School
• Jack M. Guttentag, Professor Emeritus, Wharton School, University of Pennsylvania

Honorary editors

• Dale W. Adams, Professor Emeritus, The Ohio State University
• Mario Masini, Università degli Studi di Bergamo
• J.D. Von Pischke, Consultant

The Editor and the Editorial Team of Savings and Development are very sorry to announce that Prof. Arnaldo Mauri, who served as Editor of the Journal since its inception and for many years, passed away on November 21, 2016.
Prof. Mauri was a renowned expert in the field of finance in development. His professional contribution and his dedication to the success of the Journal will always be acknowledged by the scientific community to which Savings and Development is directed.