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Regulation, formal and informal enforcement and the development of the household loan market. Lessons from Italy.

Casolaro, Luca; Gambacorta, Leonardo; Guiso, Luigi - Banca d'Italia - 2005

Regulation and contract enforcement may be important determinants of the development of the household loan market, as much as they are of the supply of corporate loans on which the literature has focused. This paper draws on the Italian experience to provide evidence that formal and informal...

Persistent link: https://www.econbiz.de/10005113625

Job Search in Thick Markets: Evidence from Italy

Addario, Sabrina Di - Banca d'Italia - 2006

urbanization and/or industry localization. The main results indicate that both urbanization and industry localization raise job …

Persistent link: https://www.econbiz.de/10005609325

Entrepreneurship and market size. The case of young college graduates in Italy

Addario, Sabrina Di; Vuri, Daniela - Banca d'Italia - 2010

We analyse empirically the effects of urbanization on Italian college graduates' work possibilities as entrepreneurs … to instrumenting urbanization. Provincial competition, urban amenities and disamenities, cost of labour, earning … of the negative urbanization penalty. Our result cannot be explained by the presence of negative differentials in returns …

Persistent link: https://www.econbiz.de/10008677910

Is there an urban wage premium in Italy?

Addario, Sabrina Di; Patacchini, Eleonora - Banca d'Italia - 2006

that this effect is present only in the large cities surrounded by low-populated areas. We also find that urbanization does …

Persistent link: https://www.econbiz.de/10005113589

House price cycles in emerging economies

Ciarlone, Alessio - Banca d'Italia - 2012

In this paper, I investigate the characteristics of house price dynamics for a sample of 16 emerging economies from Asia and Central and Eastern Europe, over the period 1995-2011. Linking housing valuations to a set of conventional fundamental determinants ï¿½ relative to both the supply and...

Persistent link: https://www.econbiz.de/10011099657

The sovereign credit default swap market: price discovery, volumes and links with banks' risk premia

Carboni, Alessandro - Banca d'Italia - 2011

This paper looks into the sovereign credit default swap (CDS) market from two perspectives. First, it analyses the relation between CDS and bond spreads. The results on a single-entity basis suggest that the CDS market leads the bond market in price discovery, especially during 2010, while both...

Persistent link: https://www.econbiz.de/10009320174

Financial innovation oversight: a policy framework

Carlo, Gola; Antonio, Ilari - Banca d'Italia - 2013

This paper proposes a policy framework for intercepting, monitoring and containing the unintended harmful effects of financial innovation. The current approach, adopted by several authorities, makes extensive use of the tools of transparency and disclosure, mainly for consumer protection. It has...

Persistent link: https://www.econbiz.de/10011099606

Households' savings in China

Cristadoro, Riccardo; Marconi, Daniela - Banca d'Italia - 2011

This paper studies the determinants of Chinese householdsï¿½ saving. Domestic saving in China is the highest in the world in terms of GDP and it is mirrored in a large and persistent current account surplus. First, we show that notwithstanding the rising contribution of government and firms...

Persistent link: https://www.econbiz.de/10009386393

The private and social return to schooling in Italy

Ciccone, Antonio; Cingano, Federico; Cipollone, Piero - Banca d'Italia - 2006

We estimate the private (individual) and social return to schooling in Italy and four macro regions. Our estimates take into account the effects of schooling on employment and wages as well as the key features of the Italian tax and social insurance system. We find that the individual return to...

Persistent link: https://www.econbiz.de/10005113543

The private and social return to schooling in Italy

Cingano, Federico; Cipollone, Piero - Banca d'Italia - 2009

We estimate the private (individual) and social return to schooling in Italy and its macro regions. Our estimates take into account the effects of schooling on employment and wages, as well as the key features of the Italian tax and social security system. We find that the individual return to...

Persistent link: https://www.econbiz.de/10008546339