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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

Finance, Human Capital and Infrastructure: An Empirical Investigation of Post-War Italian Growth

Ferri, G.; Mattesini, F. - Banca d'Italia - 1997

Post-war Italy provides an interesting case to test for recent contributions on economic growth which play down the relevance of physical capital per se and stress its complementarity with infrastructure and less tangible factors such as finance and human capital. In truth, behind the remarkable...

Persistent link: https://www.econbiz.de/10005486710

Infrastructure investments in the main emerging countries

Antonelli, Luca; Bencivelli, Lorenzo; Bucalossi, Annalisa; … - Banca d'Italia - 2014

This paper surveys the current conditions and prospects for the infrastructure sector in seven large emerging countries - Brazil, China, India, Indonesia, Mexico, Russia and Turkey - assessing the adequacy of their current infrastructural endowment and illustrating the latest government...

Persistent link: https://www.econbiz.de/10011100350

A tale of an unwanted outcome: transfers and local endowments of trust and cooperation

Accetturo, Antonio; Blasio, Guido de; Ricci, Lorenzo - Banca d'Italia - 2014

investigation that illustrates that the receipt of EU structural funds causes a deterioration of the endowments of trust and …

Persistent link: https://www.econbiz.de/10011099723

Trust and preferences: evidence from survey data

Albanese, Giuseppe; Blasio, Guido de; Sestito, Paolo - Banca d'Italia - 2013

This paper considers the role of preferences in explaining trust. By using the Bank of Italyï¿½s Survey on Household …-reported trust. They both predict negatively a measure of generalized trust; however, risk aversion is positively correlated with an … preferences when analysing the role of trust in explaining socio-economic outcomes might pose serious challenges in terms of …

Persistent link: https://www.econbiz.de/10011105132

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

Social capital, economics and political economy

Barone, Guglielmo; Blasio, Guido de; Sestito, Paolo - Banca d'Italia - 2014

The volume collects the essays presented at the conference "Social capital, economics and political economy" held in Rome on 27 June 2014. The first session analyzes definition and measurement issues about social capital. The second and third sessions examine its determinants and economic...

Persistent link: https://www.econbiz.de/10011277932

Social capital and the cost of credit: evidence from a crisis

Mistrulli, Paolo Emilio; Vacca, Valerio - Banca d'Italia - 2015

Social capital is a key factor affecting the functioning of financial markets (Guiso, Sapienza and Zingales, 2004). However, the estimation of the effect of social capital on credit markets is notoriously difficult. In this paper we exploit the recent Lehman Brothers crisis and a rich dataset to...

Persistent link: https://www.econbiz.de/10011265441

Democratization and Civic Capital in Italy

Guiso, Luigi; Pinotti, Paolo - Banca d'Italia - 2011

We document a sharp reversal in electoral participation between the North and the South of Italy after the 1912 enfranchisement which extended voting rights from a limited lite to (almost) all adult males. When voting was restricted to the elite, electoral turnout was higher in the South but...

Persistent link: https://www.econbiz.de/10009364465

My parents taught me. Evidence on the family transmission of values

Albanese, Giuseppe; Blasio, Guido de; Sestito, Paolo - Banca d'Italia - 2014

The paper uses questions included in the 2010 wave of the Bank of Italyï¿½s Survey on Household Income and Wealth to investigate the role of family transmission of values. It presents three main empirical findings. First, the paper shows that a number of attitudes (generalized and...

Persistent link: https://www.econbiz.de/10011099666