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An unexpected crisis? Looking at pricing effectiveness of different banks
Vacca, Valerio - Banca d'Italia - 2011
, thus lowering pricing effectiveness. The main finding is that larger banking groups were more affected by the sudden …
Persistent link: https://www.econbiz.de/10009193014
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The recent trends in long-term bank funding
Cardillo, Andrea; Zaghini, Andrea - Banca d'Italia - 2012
We assess the long-term funding conditions for banks in the US, the euro area and the UK and, separately, for the group of global systemically important financial institutions (G-SIFIs), over the period 1997-2011. After the outbreak of the subprime crisis there was a considerable reshuffling of...
Persistent link: https://www.econbiz.de/10011105125
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Credit access for female firms: evidence from a survey on European SMEs
Stefani, Maria Lucia; Vacca, Valerio - Banca d'Italia - 2013
This paper uses ECB survey data to assess whether gender matters in the small firms� financial structure and access to credit. Firms owned or managed by women (female firms) use smaller amounts and less heterogeneous sources of external finance than their male counterparts. According to...
Persistent link: https://www.econbiz.de/10011100359
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The pricing of government-guaranteed bank bonds
Levy, Aviram; Zaghini, Andrea - Banca d'Italia - 2010
We examine the effects of the government guarantee schemes for bank bonds adopted in the aftermath of the Lehman Brothers demise to help banks retain access to wholesale funding. We describe the evolution and the pattern of bond issuance across countries to assess the effect of the schemes. Then...
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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Is there a role for funding in explaining recent US bank failures?
Bologna, Pierluigi - Banca d'Italia - 2011
explaining banks� probability of default. By confirming the role of funding as a driver of banking crisis, the paper also … recognizes that the new liquidity framework proposed by the Basel Committee on Banking Supervision appears to have the features …
Persistent link: https://www.econbiz.de/10009350682
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Real effects of banking crises: a survey of the literature
Carpinelli, Luisa - Banca d'Italia - 2009
The literature is unanimous in highlighting that banking crises have a negative impact on GDP, usually more pronounced … repercussions of banking crises on economic activity, in fact, are quite uneven. Estimates on the correlation between financial … obtained often reflect a problem in identifying the causal nexus between banking crises and real output fluctuations. The most …
Persistent link: https://www.econbiz.de/10008546340
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Credit ratings in structured finance and the role of systemic risk
Violi, Roberto - Banca d'Italia - 2010
This paper explores the implications of systemic risk in Credit Structured Finance (CSF). Risk measurement issues loomed large during the 2007-08 financial crisis, as the massive, unprecedented number of downgrades of AAA senior bond tranches inflicted severe losses on banks, calling into...
Persistent link: https://www.econbiz.de/10008677911
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Looking behind mortgage delinquencies
Mocetti, Sauro; Viviano, Eliana - Banca d'Italia - 2015
We examine the delinquency rate for mortgages originated before and after the 2008 financial crisis, using a novel and large representative panel obtained by merging data from tax records and credit registers. First, we estimate the selection into the mortgage market using an exogenous index of...
Persistent link: https://www.econbiz.de/10011171341
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Tracking banks' systemic importance before and after the crisis
Alessandri, Piergiorgio; Masciantonio, Sergio; Zaghini, … - Banca d'Italia - 2015
We develop a methodology to identify and rank ‘systemically important financial institutions’ (SIFIs). Our approach is consistent with that followed by the Financial Stability Board but, unlike the latter, it is free of judgment and it is based entirely on publicly available data, thus...
Persistent link: https://www.econbiz.de/10011185853