mechanisms whereby the tensions in the government bond markets due to the sovereign debt crisis were transmitted to the banking …This publication collects the papers presented at the workshop entitled "The sovereign debt crisis and the euro area … Area of the Bank of Italy has conducted several analyses on the impact of the sovereign debt crisis on the financial system …

the fiscal regime when the signaling effect on credit ratings is larger (that is, when a sufficiently large stock of debt … governments. We show that a testable prediction of our model is that primary balances and debt stocks are complementary inputs in …

-level data from the Survey on Household Income and Wealth and matching them with macroeconomic forecasts on debt and income, we …We build a microsimulation model to monitor the financial vulnerability of Italian households. Starting from household … project the future path of households’ indebtedness and debt-service ratio. This allows us to assess households’ vulnerability …

The paper describes first the evolution in total household wealth in Italy over the period 1965-2010 before addressing … the analysis of wealth inequality. On the basis of reconstructed data, we show that household wealth inequality declined … afterwards. By international standards, Italy does not have a high level of wealth inequality (contrary to the evidence available …