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The banking and financial sector in the countries of South-Eastern Europe
2002
Persistent link: https://www.econbiz.de/10001737715
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An analysis of the determinants of credit default swap spread changes before and during the subprime financial turmoil
Cesare, Antonio Di; Guazzarotti, Giovanni - Banca d'Italia - 2010
This paper analyzes the determinants of credit default swap spread changes for a large sample of US non-financial companies over the period between January 2002 and March 2009. In our analysis we use variables that the literature has found have an impact on CDS spreads and, in order to account...
Persistent link: https://www.econbiz.de/10008626020
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Testing for East-West contagion in the European banking sector during the financial crisis
Cocozza, Emidio; Piselli, Paolo - Banca d'Italia - 2011
associated with extreme co-movements in a market-based measure of bank soundness, controlling for common underlying factors. We …
Persistent link: https://www.econbiz.de/10008865939
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Real effects of banking crises: a survey of the literature
Carpinelli, Luisa - Banca d'Italia - 2009
The literature is unanimous in highlighting that banking crises have a negative impact on GDP, usually more pronounced in developing economies. The magnitude of the losses is more controversial: the quantitative results of studies on the repercussions of banking crises on economic activity, in...
Persistent link: https://www.econbiz.de/10008546340
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Economic Theory and Banking Regulation: The Italian Case (1861-1930s)
Gigliobianco, Alfredo; Giordano, Claire - Banca d'Italia - 2010
¿½ la Bagehot; the second (1921-23) confirmed - to no avail - the dangers congenital to bank-industry ties. The following … sub-period (1926-1930) was inaugurated by the first commercial bank regulation (1926) and responded to the prevailing … economists' call for restricting bank competition. The 1936 regulation, which inaugurated the approximately five-decade long …
Persistent link: https://www.econbiz.de/10008765709
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Externalities in interbank network: results from a dynamic simulation model
Manna, Michele; Schiavone, Alessandro - Banca d'Italia - 2012
bank liquidity, seek help within their own group and dispose of assets. As the shock spreads, borrowers who lack liquid …
Persistent link: https://www.econbiz.de/10011099690
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The rise and fall of universal banking: ups and downs of a sample of large and complex financial institutions since the late �90s
Masciantonio, Sergio; Tiseno, Andrea - Banca d'Italia - 2013
We document the development of the major international banks since the late 1990s, analysing balance-sheet data for 27 large and complex financial institutions. We argue that balance-sheet expansion and business line diversification paved the way for the rise of the universal banking model. This...
Persistent link: https://www.econbiz.de/10011100388
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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
After August 2007 the plumbing system that supplied banks with wholesale funding, the interbank market, failed because toxic assets obstructed the pipes. Banks were forced to squeeze liquidity in a �lemons market� or to ask for liquidity �on tap� from central banks. This...
Persistent link: https://www.econbiz.de/10009320176
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On the interaction between market and credit risk: a factor-augmented vector autoregressive (FAVAR) approach
Fiori, Roberta; Iannotti, Simonetta - Banca d'Italia - 2010
The aim of the paper is to understand the interaction between market and credit risk. Using a comprehensive set of Italian data, we apply a factor model to identify the common sources of risk driving fluctuations in the real and financial sectors. The common latent factors are then inserted in a...
Persistent link: https://www.econbiz.de/10008692068