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The Political Economy of Investor Protection

Tommasino, Pietro - Banca d'Italia - 2006

Why do some countries suffer from backward financial institutions and weak corporate governance rules? We show that, even if, overall, the economy would benefit corporate governance reforms, not all the agents would stand to gain from the improvement. In particular, entrepreneurs and firms that...

Persistent link: https://www.econbiz.de/10005609341

Is there a role for funding in explaining recent US bank failures?

Bologna, Pierluigi - Banca d'Italia - 2011

This paper tests the role of different banksï¿½ liquidity funding structures in explaining the bank failures that occurred in the United States between 2007 and 2009. The results highlight that funding is indeed a significant factor in explaining banksï¿½ probability of default. By...

Persistent link: https://www.econbiz.de/10009350682

Identifying and tracking global, EU and Eurozone systemically important banks with public data

Masciantonio, Sergio - Banca d'Italia - 2013

This paper develops a methodology for identifying systemically important financial institutions based on that developed by the Basel Committee on Banking Supervision (2011) and used by the Financial Stability Board in its yearly G-SIBs identification. The methodology uses publicly available data...

Persistent link: https://www.econbiz.de/10011099597

The effects of Basel 2 on Italian banks: results of the 5th quantitative simulation

Cannata, Francesco - Banca d'Italia - 2006

In 2007 the new framework for capital adequacy of banks (Basel 2), defined in 2004 by the Basel Committee for Banking Supervision, will replace the 1988 Accord (Basel 1) in all major countries. In the last years the Committee has carried out several impact studies in order to simulate the...

Persistent link: https://www.econbiz.de/10005113685

FIRM SIZE DISTRIBUTION: DO FINANCIAL CONSTRAINTS EXPLAIN IT ALL? EVIDENCE FROM SURVEY DATA

Angelini, Paolo; Generale, Andrea - Banca d'Italia - 2005

We address the question in the title using survey-based measures of financial constraints, as opposed to the proxies typically used in the literature. We find that in our dataset of Italian firms, those declaring to be financially constrained are smaller and younger than the others. However, the...

Persistent link: https://www.econbiz.de/10005113661

Mission drawdowns - financing a sustainable peace : sustaining gains and supporting economic stability post un mission withdrawal

OECD - 2020

managed transition process is one of the best ways to guard against backslide and to ensure the continuity of essential … studies in DRC (initial stages of MONUSCO transition), Haiti (handover from MINUJUSH to BINUH), Liberia (following UNMIL …’s withdrawal) and Sudan (transition of UNAMID). The paper focuses on opportunities that the international community could integrate …

Persistent link: https://www.econbiz.de/10012257901

German reunification and convergence policies

Oliva, Juan Carlos Martinez - Banca d'Italia - 2009

This paper examines German reunification from its inception. It shows that after the rapid expansion of the early years, former East Germany entered a phase of slow growth that made it impossible to bridge the gap with West Germany. Unemployment remains high, low growth rates appear ingrained,...

Persistent link: https://www.econbiz.de/10005092588

Output growth volatility and remittances

Bugamelli, Matteo; Francesco Paternï¿½ - Banca d'Italia - 2008

Since output growth volatility has negative effects on growth, poverty and welfare, especially in poorer countries, it is crucial to identify the country-specific factors that affect it. The empirical literature has focused mostly on financial development, policy distortions and globalization...

Persistent link: https://www.econbiz.de/10005770755

Weak institutions and credit availability: the impact of crime on bank loans

Patti, Emilia Bonaccorsi di - Banca d'Italia - 2009

This paper analyzes the relationship between the terms on bank loans and local crime rates, employing a sample of over 300,000 bank-firm relationships. Controlling for firm, market and bank characteristics the results show that where the crime rate is higher borrowers pay higher interest rates,...

Persistent link: https://www.econbiz.de/10005092587

What determines debt intolerance? The role of political and monetary institutions

Giordano, Raffaela; Tommasino, Pietro - Banca d'Italia - 2009

Why do some states default on their debt more often than others? We argue that sovereign default is the outcome of a political struggle among different groups of citizens. It is more likely to happen if: (i) domestic debt-holders are relatively weak; (ii) the the political costs of the financial...

Persistent link: https://www.econbiz.de/10005113601

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