Narrow search
Showing 1 - 10 of 73
Cover Image
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
Cover Image
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
Cover Image
Household wealth and entrepreneurship: is there a link?
Magri, Silvia - Banca d'Italia - 2009
In the absence of any correlation between wealth and entrepreneurial talent, initial net wealth should have an explanatory power in the decision to become an entrepreneur only for households that are financially constrained; further, its importance should decrease with wealth. I test these...
Persistent link: https://www.econbiz.de/10005011989
Cover Image
Business incubators in Italy
Auricchio, Marta; Cantamessa, Marco; Colombelli, Alessandra - Banca d'Italia - 2014
The Italian economy has suffered from structural problems for the last fifteen years, which have weakened its competitiveness. The innovation gap, by international standards, is one of those problems. Business incubators are one of the solutions proposed in the economic literature and put into...
Persistent link: https://www.econbiz.de/10011100376
Cover Image
Immigration, jobs and employment protection: evidence from Europe before and during the Great Recession
D'Amuri, Francesco; Peri, Giovanni - Banca d'Italia - 2012
In this paper we analyse the impact of immigrants on the type and quantity of natives� jobs. We use data on fifteen … occupations pushed natives towards more �complex� (abstract and communication) jobs. This job upgrade was associated with a 0 …, during the Great Recession. We also document the labour market flows behind it: the complexity of jobs offered to new native …
Persistent link: https://www.econbiz.de/10011099671
Cover Image
First-time corporate bond issuers in Italy
Accornero, Matteo; Russo, Paolo Finaldi; Guazzarotti, … - Banca d'Italia - 2015
The paper looks at the characteristics of Italian non-financial firms that accessed the bond market for the first time between 2002 and 2013. The results of logit estimations indicate that first-time bond issuers are significantly larger and more frequently listed on the stock exchange than...
Persistent link: https://www.econbiz.de/10011265437
Cover Image
Perch� le imprese ricorrono al factoring? Il caso dell'Italia.
Benvenuti, Michele; Gallo, Marco - Banca d'Italia - 2004
In this paper we examine the main aspects of Italian factoring market and its evolution during last two decades. Moreover, we analyze the characteristics of firms accessing this kind of financing. In Italy factoring market size is the third in the world in absolute terms (amount of turnover),...
Persistent link: https://www.econbiz.de/10005111554
Cover Image
The financing of small innovative firms: The Italian case
Magri, Silvia - Banca d'Italia - 2007
Small firms encounter difficulties in raising external finance owing to greater information problems. For small innovative firms, whose activity is more difficult to evaluate, the cost of external finance could be even higher. This paper examines special features of the financial structure of...
Persistent link: https://www.econbiz.de/10005111559
Cover Image
Trade Credit as Collateral
Omiccioli, Massimo - Banca d'Italia - 2005
A remarkable feature of short-term business finance is the widespread use of trade credit as collateral in bank borrowing, especially by small and medium-sized firms. The paper models the incentives for a firm to collateralize accounts receivable as a trade-off between the benefit from lower...
Persistent link: https://www.econbiz.de/10005111571
Cover Image
Will a Common European Monetary Policy Have Asymmetric Effects?
Guiso, Luigi; Kashyap, Anil K.; Panetta, Fabio; … - Banca d'Italia - 2000
We survey the existing work on the cross-country differences in the transmission of European monetary policy. We find that prior work, focusing on macroeconomic data, does not clearly answer the question posed in the title and offer some explanations for the ambiguity. Aside from the...
Persistent link: https://www.econbiz.de/10005111576