Showing 1 - 10 of 202
Using unique matched bank-firm data on export, import and ordinary loans for a large sample of Italian manufacturing exporters for the years 2007-2010, this paper investigates the role of trade finance in a credit shock. We find that the credit shock faced by exporters in the aftermath of the...
Persistent link: https://www.econbiz.de/10011099656
Italy ranks among EU countries with the fewest women on bank boards. Using a rich dataset on Italian banks that combines individual data on bank governance with different measures of performance and risk, this paper analyses the determinants of the gender gap in top positions. Econometric...
Persistent link: https://www.econbiz.de/10011100416
Bank takeovers result on average in little improvements in performance. This may be due to conflicting driving forces behind them; however these have seldom been studied. We study directly the motivations for bank acquisitions by analyzing the prices paid for them, under the assumption that...
Persistent link: https://www.econbiz.de/10005113643
The recent economic and financial crisis has drawn attention to how mutual guarantee institutions (MGIs) facilitate small and medium enterprises in accessing bank financing. The aim of this paper is twofold. First, we describe the structural features of the Italian market for mutual guarantees...
Persistent link: https://www.econbiz.de/10009350681
We study the effects of the world economic crisis which began in 2007 on the Italian productive system. National … recorded since the Second World War and that more than in the past, the recovery of the Italian economy will have to rely on …
Persistent link: https://www.econbiz.de/10008543203
This paper focuses on how multi-plant firms allocate their workforce and investments between headquarters or plants located in or close to the headquarters area (HQ plants) and those located in the same country but farther away from the headquarters area (non-HQ plants). Using survey data on...
Persistent link: https://www.econbiz.de/10011099643
The paper surveys the literature on the measurement of innovation activity and evaluates the position of Italy with respect to the other major European countries. Innovation has been measured from different perspectives: the environment in which firms operate, firms' commitment, its outcome....
Persistent link: https://www.econbiz.de/10011105109
This paper summarizes the results attained by the Eurosystem in harmonizing the statistics used for the conduct of monetary policy. Since the creation of the euro area, in January 1999, significant progress has been made in the harmonization of data on banks’ balance sheets, central banks and...
Persistent link: https://www.econbiz.de/10011277926
In this paper we test for the potential bias in the estimated contribution of a supply restriction on lending to enterprises, as captured by the assessment of credit standards provided by the banks participating in the Eurosystem Bank Lending Survey (BLS banks). For Italy, we combine the...
Persistent link: https://www.econbiz.de/10011265439
After August 2007 the plumbing system that supplied banks with wholesale funding, the interbank market, failed because toxic assets obstructed the pipes. Banks were forced to squeeze liquidity in a �lemons market� or to ask for liquidity �on tap� from central banks. This...
Persistent link: https://www.econbiz.de/10009320176