Purpose: This paper aims to focus on the banking crises recorded in Italy in the period 1861-2016 and to propose a novel classification based upon the timing of the crisis with respect to the business cycle. Design/methodology/approach: A simple and objective rule to distinguish between...

In this paper we estimate the long-run relationship between total factor productivity, R&D, human capital and public infrastructure between 1980 and 2001 across Italian regions. We take advantage of recent developments of panel cointegration techniques that control for endogeneity of regressors...

In recent years, in Italy, the analysis of economic disparities at a regional level received much attention. In spite of this, improvements in quantitative analyses have not been adequately supported by new data releases. Adopting a procedure firstly developed by Di Fonzo [21], Italian main...

In this article, we analyze how much of the reduction in emerging markets' spreads can be ascribed to specific factors--linked to the improvement in a given country's fundamentals, rather than to common factors--linked to global liquidity conditions and agents' risk aversion. By means of factor...