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Focarelli, Dario; Panetta, Fabio; Salleo, Carmelo - Banca d'Italia - 1999

The banking industry is consolidating at an accelerating pace, yet no conclusive results have emerged on the benefits of mergers and acquisitions. We analyze the Italian market, which is similar to other main European countries. By considering both acquisitions (i.e. the purchase of the majority...

Persistent link: https://www.econbiz.de/10005113557

The multimarket contacts theory; an application to Italian banks

Bonis, Riccardo De; Ferrando, Annalisa - Banca d'Italia - 2000

The multimarket contact hypothesis holds that more contacts between firms competing in the same markets may induce more collusion. This paper tests the hypothesis for the Italian banking market, analysing the behaviour of the largest Italian banks from 1990 to 1996. Market rivalry is gauged by...

Persistent link: https://www.econbiz.de/10005609349

Are Banks Risk-Averse? A Note on the Timing of Operations in the Interbank Market.

Angelini, P. - Banca d'Italia - 1996

The paper presents a simple theory of intraday behavior in the interbank market.

Persistent link: https://www.econbiz.de/10005780675

The Eurosystem’s monetary, banking and financial statistics: some reflections on results and future steps

Bonis, Riccardo De - Banca d'Italia - 2013

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

Estimating the effects of a credit supply restriction: is there a bias in the Bank Lending Survey?

Nobili, Andrea; Orame, Andrea - Banca d'Italia - 2015

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

The interbank market after the financial turmoil: squeezing liquidity in a "lemons market" or asking liquidity "on tap"

Socio, Antonio De - Banca d'Italia - 2011

and liquidity risk and then evaluates the decomposition. The main finding is that credit risk increased before the key … events of the crisis, while liquidity risk was mainly responsible for the subsequent increases in the Euribor spread and then … May 2009 and February 2010 was influenced mainly by credit risk, suggesting that European banks were still in a ï …

Persistent link: https://www.econbiz.de/10009320176

Is your money safe? What Italians know about deposit insurance

Bartiloro, Laura - Banca d'Italia - 2011

The recent financial crisis has revived the debate on deposit insurance. Public awareness of its existence is essential in order to prevent a bank run. Analysing the results of three questions on this topic introduced in the last Survey on Household Income and Wealth, this paper investigates...

Persistent link: https://www.econbiz.de/10009350680

Mutual Guarantee Institutions (MGIs) and small business credit during the crisis

Mistrulli, Paolo Emilio; Vacca, Valerio; Corbisiero, Gennaro - Banca d'Italia - 2011

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

Is there a role for funding in explaining recent US bank failures?

Bologna, Pierluigi - Banca d'Italia - 2011

This paper tests the role of different banksï¿½ liquidity funding structures in explaining the bank failures that occurred in the United States between 2007 and 2009. The results highlight that funding is indeed a significant factor in explaining banksï¿½ probability of default. By...

Persistent link: https://www.econbiz.de/10009350682

Bank balance sheets and the transmission of financial shocks to borrowers: evidence from the 2007-2008 crisis

Patti, Emilia Bonaccorsi di; Sette, Enrico - Banca d'Italia - 2012

We use Italian data on bank lending to firms to study the transmission of shocks affecting bank balance sheets to the volume and cost of credit granted to business borrowers and to the probability of banks accepting loan applications from new borrowers during the 2007-2008 financial crisis. The...

Persistent link: https://www.econbiz.de/10009645790

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