Showing 1 - 10 of 18
The paper analyses the sharp devergence in the nineties between capital formation in the main euro-area countries, on … and service sectors on capital stock, investment and value added. Our econometric estimates of an investment fonction … that links the growth of capital stock to value added for both the euro-area countries and the Anglo-Saxon countries. This …
Persistent link: https://www.econbiz.de/10005671398
institutions relative to the new rules on capital and liquidity. The exercise paints a picture of broad compliance with the … prudential targets, although some elements warrant greater attention. On the one hand, although the banks� capital endowment is …
Persistent link: https://www.econbiz.de/10011100363
regulatory capital and risk-weighted assets and assessing their positioning with respect to future leverage and liquidity … June 2012, show that capital and liquidity positions relatively to the Basel 3 targets have improved considerably over the … interpreted as a forecast of capital and liquidity needs as they do not incorporate any assumption about future balance …
Persistent link: https://www.econbiz.de/10011100377
In 2007 the new framework for capital adequacy of banks (Basel 2), defined in 2004 by the Basel Committee for Banking … of the Italian banking system. For large internationally active intermediaries the capital requirements, calculated with … the advanced methodologies, decrease with respect to the current regime; for medium-sized banks the capital requirements …
Persistent link: https://www.econbiz.de/10005113685
We investigate the role of information spillovers (IS) in determining firms' labor adjustments. We test the proposition that information on relevant state variables spills over through one firm's decision th those of other firms, assuming that spillovers matter only among frims that are both...
Persistent link: https://www.econbiz.de/10005671392
In an economy where entrepreneurs with unequal "abilities" face alternative investment projects, which differ in degree of risk and productivity, we analyse the Nash equilibrium contracts arising from a banks-borrowers game in the context of asymmetric information. We show that, for a particular...
Persistent link: https://www.econbiz.de/10005780673
This paper investigates the markup of price over marginal cost in Italian manufacturing branches. The approach used is an extension of Hall's model that addresses some measurement shortcomings and theoretical limitations that may affect this class of model.
Persistent link: https://www.econbiz.de/10005780690
I show how cyclical aggregate shocks can stimulate structural reallocation activities, which in turn amplify the effect of the shock. I emphasize the informational aspects related to restructuring activities and their potential interplay with aggregate shocks. Building on work by Caplin and...
Persistent link: https://www.econbiz.de/10005486715
This paper analyses the business cycle properties of 183 time series relevant to the Italian economy, including real, monetary and international variables. We propose new monthly coincident and leading composite indicators for the Italian business cycle; the leading indicator anticipates the...
Persistent link: https://www.econbiz.de/10005486716
We derive a measure of technological change using firm-level panel data and controlling for imperfect competition, increasing returns and unobserved factor utilization. We show that the latter variable accounts for a relevant portion of the cyclicality of the Solow residual. Our key finding is...
Persistent link: https://www.econbiz.de/10005609393