We use panel data from 52 Italian Bank Holding Companies (BHCs) over the period of 2006 to 2011 to test how revenue diversification affects bank performance. Unlike studies of diversification that focus on its effect on equity and debt values and risk return portfolio strategies, we investigate...

<i> Shock di liquidità e crisi bancarie: fallimento o corse agli sportelli? </i> (di Paola Brighi) - ABSTRACT: In this paper, we show that, contrary to Diamond and Dybvig’s [1983] model and further developments, bank runs are not the only cause of liquidity crises; even a quite prudent ex-ante...

type="main" xml:lang="en" <p>In this paper, we show that abandoning the Diamond and Dybvig hypothesis of a unique bank representing the entire banking system gives rise to the possibility of endogenizing the interbank exchanges. In a system characterized by uncertainty regarding the moment of...</p>