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The pricing of government-guaranteed bank bonds
Levy, Aviram; Zaghini, Andrea - Banca d'Italia - 2010
Brothers demise to help banks retain access to wholesale funding. We describe the evolution and the pattern of bond issuance … the issuing bank or of the bond itself. …
Persistent link: https://www.econbiz.de/10008626021
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An assessment of financial sector rescue programmes
Panetta, Fabio; Faeh, Thomas; Grande, Giuseppe; Ho, Corrinne - Banca d'Italia - 2009
We analyse the wide array of rescue programmes adopted in several countries, following Lehman Brothers� default in September 2008, in order to support banks and other financial institutions. We first provide an overview of the programmes, comparing their characteristics, magnitudes and...
Persistent link: https://www.econbiz.de/10004964392
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The Role of the Banking System in the International Transmission of Shocks
Sbracia, Massimo; Zaghini, Andrea - Banca d'Italia - 2001
The paper analyzes the role of the banking system in the international transmission of financial shocks. A channel of transmission is defined as a mechanism through which a financial crisis in one country brings about a financial crisis in another country. Channels involving the banking sector...
Persistent link: https://www.econbiz.de/10005609360
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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
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What Caused the Asian Currency and Financial Crisis?
Corsetti, Giancarlo; Pesenti, Paolo; Roubini, Nouriel - Banca d'Italia - 1998
The paper explores the view that the Asian currency and financial crises in 1997 and 1998 reflected structural and policy distortions in the countries of the region, even though market overreaction and herding caused the plunge of exchange rates, asset prices and economic activity to be more...
Persistent link: https://www.econbiz.de/10005111544
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Convergence clubs, the euro-area rank and the relationship between banking and real convergence
Affinito, Massimiliano - Banca d'Italia - 2011
This paper analyses banking convergence, measured through the ratios of deposits and loans to GDP, across 65 countries, compares it with per capita income convergence, and tests its effect on real convergence. The focus of the paper is the group of countries that have adopted the euro as a...
Persistent link: https://www.econbiz.de/10009144904
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Euro Area (cross-border?) banking
Bologna, Pierluigi; Caccavaio, Marianna - Banca d'Italia - 2014
This paper presents stylized facts of the segmentation of the Euro Area (EA) banking system and investigates cross-border banking dynamics. Results show that the determinants of cross-border banking change substantially over-time: (i) in the pre-crisis period of financial integration the...
Persistent link: https://www.econbiz.de/10011100404
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Financing long-term investment: ongoing initiatives and the main policy directions
Grande, Giuseppe; Guazzarotti, Giovanni - Banca d'Italia - 2014
The topic of financing long-term investment is on the top of the agenda of economic policy makers and it is among the priorities of the Italian Presidency of the European Union. The paper describes the main international initiatives in the field and highlights the three most promising courses of...
Persistent link: https://www.econbiz.de/10011105129
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The market for corporate debt private placements
Branzoli, Nicola; Guazzarotti, Giovanni - Banca d'Italia - 2015
-term investments and contribute to the development of the public bond market. A wider use of private placements in Europe is hindered … their uptake in Europe. A private placement is a method of financing used mainly by medium-sized companies which, unable to … access the public bond market, turn to one or more large institutional investors. Compared to a public offering, a private …
Persistent link: https://www.econbiz.de/10011206252