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Lombard Street in London. In modern central banking practice, Lombard credit refers to central bank lending against marketable securities, such as government bonds.Modern repurchase agreements are also forms of Lombard lending: one bank sells marketable securities to another (at a discount), with an agreement to repurchase the securities (typically at par) in a fixed period of time.
Italy is a major exporter of heavy helicopters (over 2,000 kg (4,400 lb)) with a market share of about 30%. [127] The headquarters of Leonardo Helicopters Division (ex-AgustaWestland) is in Lombardy, and is responsible for about a third of the company's orders. [128] The region also has a plant of Leonardo Aircraft Division (ex-Aermacchi). [129]
The most famous Lombard sweets are panettone and colomba, belonging to the Milanese confectionery tradition: by now spread all over Italy, the first one is a typical Christmas cake with a cylindrical shape whose dough is enriched with raisins and candied fruit while the second one is generally consumed during Easter time, with a dough similar ...
Clockwise from top left; some of the most popular Italian foods: Neapolitan pizza, carbonara, espresso, and gelato. Italian cuisine is a Mediterranean cuisine [1] consisting of the ingredients, recipes, and cooking techniques developed in Italy since Roman times, and later spread around the world together with waves of Italian diaspora.
Historians have proposed several causes for this development: the plague epidemics, which caused a sharp decline in population during the 1600s; the increasing centrality of transatlantic trade as opposed to Mediterranean trade; as well as the impact of wars fought by foreign powers in Italy and the domination of the Spanish in the south (who ...
Correspondingly, the lombard rate is a central bank lending rate charged to commercial banks for short-term loans with securities pledged as collateral. [ 2 ] The term derives from the Lombard merchants and bankers from Northern Italy who systematized and expanded these lending techniques in medieval European trade networks, particularly in the ...
With their arrival in Italy, the Franks of Charlemagne descended on Piedmont and Lombardy and, through the high Alps, defeated the Lombards in the battle of Pavia of 773. The Lombard territory was divided into counties — thus the beginning of feudalism. Bellagio found itself in the county of Milan under the suzerainty of the Frankish kings.
The Duchy of Gaeta (Latin: Ducatus Caietae) was an early medieval state centered on the coastal South Italian city of Gaeta.It began in the early ninth century as the local community began to grow autonomous as Byzantine power lagged in the Mediterranean and the peninsula due to Lombard and Saracen incursions.