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Service regulation and growth: evidence from OECD countries
Barone, Guglielmo; Cingano, Federico - Banca d'Italia - 2008
results indicate that lower service regulation translates into faster value added, productivity, and export growth of … downstream service-intensive industries. The negative growth-effect of anti-competitive regulation is particularly relevant in …
Persistent link: https://www.econbiz.de/10005113605
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Output growth volatility and remittances
Bugamelli, Matteo; Francesco Patern� - Banca d'Italia - 2008
Since output growth volatility has negative effects on growth, poverty and welfare, especially in poorer countries, it …. Remittances can help reduce output growth volatility thanks to their considerable magnitude, stability and low pro … over the period 1980-2003, we provide robust evidence that remittances are negatively correlated to output growth …
Persistent link: https://www.econbiz.de/10005770755
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Financial inclusion - G20 initiatives and the role of the Bank of Italy
Gomel, Giorgio; Bernasconi, Fabio; Cartechini, … - Banca d'Italia - 2011
Financial exclusion concerns 2.5 billion individuals and more than 450 million enterprises. The G20 countries are committed to the reduction of this phenomenon. The Bank of Italy has a fundamental role in the field of financial inclusion, both on a national and an international scale through...
Persistent link: https://www.econbiz.de/10009193018
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The determinants of household debt: a cross-country analysis
Coletta, Massimo; Bonis, Riccardo De; Piermattei, Stefano - Banca d'Italia - 2014
In most countries household debt increased from the 1990s until the crisis of 2007-2008 before stabilizing due to recession and deleveraging. However, there are national differences in household debt/GDP ratios. This paper studies the determinants of household debt, using a 32-country dataset...
Persistent link: https://www.econbiz.de/10011105135
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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
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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
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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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A primer on R&D cooperation among firms
Marinucci, Marco - Banca d'Italia - 2012
that R&D cooperation is usually considered welfare improving and can be promoted by several policies. Finally, we discuss …
Persistent link: https://www.econbiz.de/10011105128
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Italian civil justice: regional disparities
Carmignani, Amanda; Giacomelli, Silvia - Banca d'Italia - 2009
The functioning of the Italian civil justice system is characterized by deep regional disparities: the length of legal proceedings is on average significantly higher in the South than in the rest of Italy. Using mainly a descriptive approach, this paper documents these differences and...
Persistent link: https://www.econbiz.de/10005609418
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Small claims litigation in Italy
Fantini, Paolo; Giacomelli, Silvia; Palumbo, Giuliana; … - Banca d'Italia - 2011
Despite accounting for a significant fraction of total litigation in Italy, small claims litigation has so far received little attention. Using a Ministry of Justice database that contains information disaggregated by subject matter, the paper provides a thorough description of the time trend...
Persistent link: https://www.econbiz.de/10009020153