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Households� indebtedness and financial vulnerability in the Italian regions
Vacca, Valerio; Coin, Daniele; Conti, Antonio Maria; … - Banca d'Italia - 2013
This paper depicts � from a variety of viewpoints � the degree of indebtedness and potential financial vulnerabilities of households across the Italian regions. Micro-data from several sources suggest that the financial situation of Italian households shows striking differences at...
Persistent link: https://www.econbiz.de/10011100383
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Information technology and productivity changes in the Italian banking industry
Casolaro, Luca; Gobbi, Giorgio - Banca d'Italia - 2004
This paper analyzes the effect of information technologies (IT) in the financial sector using micro-data on a panel of over 600 Italian banks over the period 1989-2000. We estimate stochastic cost and profit functions allowing for individual banks� displacements from the efficient frontier...
Persistent link: https://www.econbiz.de/10005467298
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The Italian mortgage market: characteristics, evolution and regional differences. Evidence from a bank survey
Rossi, Paola - Banca d'Italia - 2008
The paper reviews the supply of different mortgage instruments to Italian households by means of data obtained from a … housing finance in the last five years: a greater variety of mortgage products is supplied, along with a widespread easing of …
Persistent link: https://www.econbiz.de/10005113690
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The effects of privatization and consolidation on bank productivity: comparative evidence from Italy and Germany
Fiorentino, Elisabetta; Vincenzo, Alessio De; Heid, Frank; … - Banca d'Italia - 2009
activities have affected banks� productivity in the period 1994-2004, differentiating between technical change, efficiency …
Persistent link: https://www.econbiz.de/10008459744
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Financing innovation in Italy: an analysis of venture capital and private equity investments
Vacca, Valerio - Banca d'Italia - 2013
Using a unique data set, this paper describes the main features of the venture capital industry in Italy. Operations by Italian specialised venture capitalists are only in part devoted to small, young firms from advanced industries, have a rather short duration and are weakly focused on a few...
Persistent link: https://www.econbiz.de/10011099607
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The effect of age on portfolio choices: evidence form an Italian pension fund
Cappelletti, Giuseppe; Guazzarotti, Giovanni; … - Banca d'Italia - 2010
Optimal Portfolio Theory prescribes that investors reduce their exposure to financial market risk as they get near to retirement. To assess the effect of ageing on portfolio choices, we study the case of an Italian defined contribution pension fund during the period 2002-08. We find that on...
Persistent link: https://www.econbiz.de/10008605944
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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
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Consolidation and efficiency in the financial sector: a review of the international evidence
Amel, Dean; Barnes, Colleen; Panetta, Fabio; Salleo, Carmelo - Banca d'Italia - 2002
In response to fundamental changes in regulation and technology, the financial industry around the world is undergoing … an unprecedented wave of consolidation. A growing body of empirical literature has attempted to measure the efficiency … mergers yield economies of scope or gains in managerial efficiency. …
Persistent link: https://www.econbiz.de/10005770770
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Are Mergers Beneficial to Consumers? Evidence from the Market for Bank Deposits
Focarelli, Dario; Panetta, Fabio - Banca d'Italia - 2002
. In the long run efficiency gains dominate over the market power effect, leading to more favorable prices for consumers. …
Persistent link: https://www.econbiz.de/10005113523