Italy : Technical Note on the Financial Situation of Italian Households and Non-Financial Corporations and Risks to the Banking System
This Technical Note examines the financial situation of Italian households and nonfinancial corporations and risks to the banking system. The credit risk from Italian households is mitigated by their considerable net wealth. Income has declined during the crisis, leading to tighter financial conditions for households, especially for young and low-income groups, but low indebtedness, high levels of assets, and declining interest rates have protected households from widespread debt payment difficulties. The financial situation of nonfinancial corporations, in particular small and medium-sized enterprises, is fragile, as evidenced by already high loan default rates. Continued strong policy action will be important to mitigate the impact of these vulnerabilities, especially for firms
Year of publication: |
2013
|
---|---|
Institutions: | International Monetary Fund / Monetary and Capital Markets Department ; International Monetary Fund / Monetary and Capital Markets Department (contributor) |
Publisher: |
Washington, D.C : International Monetary Fund |
Subject: | Italien | Italy | Finanzsystem | Financial system | Bankrisiko | Bank risk | Haushaltsstatistik | Household survey | Wirtschaftslage | Macroeconomic performance |
Saved in:
freely available
Extent: | Online-Ressource (43 p) |
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Series: | IMF staff country report. - Washington, DC : IMF, ZDB-ID 2390613-3. - Vol. Country Report No. 13/348 |
Type of publication: | Book / Working Paper |
Language: | English |
ISBN: | 1-4755-6699-9 ; 978-1-4755-6699-4 |
Other identifiers: | 10.5089/9781475566994.002 [DOI] |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10014394450
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