Narrow search
Showing 1 - 10 of 51
Cover Image
An assessment of financial sector rescue programmes
Panetta, Fabio; Faeh, Thomas; Grande, Giuseppe; Ho, Corrinne - 2009
Persistent link: https://www.econbiz.de/10013437456
Cover Image
Fiscal Policy and Macroeconomic Imbalances
Baldacci, Emanuele; Gupta, Sanjeev; Mulas-Granados, Carlos - Banca d'Italia - 2014
The volume collects the essays presented at the 15th Workshop on Public Finance organised by Banca d'Italia in Perugia from 4 to 6 April 2013. The workshop focused on the link between fiscal policy and macroeconomic imbalances and comprised four sessions. The first session concentrated on the...
Persistent link: https://www.econbiz.de/10011277938
Cover Image
Are incentives for R&D effective? Evidence from a regression discontinuity approach
Bronzini, Raffaello; Iachini, Eleonora - Banca d'Italia - 2011
This paper contributes to the literature on the effectiveness of R&D incentives by evaluating a unique investment subsidy program implemented in northern Italy. Firms were invited to submit proposals for new projects and only those that scored above a certain threshold received the subsidy. We...
Persistent link: https://www.econbiz.de/10008865934
Cover Image
Does the underground economy hold back financial deepening? Evidence from the Italian credit market
Gobbi, Giorgio; Zizza, Roberta - Banca d'Italia - 2007
The paper investigates the relationship between the underground economy and financial deepening. Entrepreneurs can only access external finance by disclosing credible information in formal documentation. This may be impossible for many informal producers, who lack proper accounting records....
Persistent link: https://www.econbiz.de/10005113532
Cover Image
Bridging the gap between migrants and the banking system
Albareto, Giorgio; Mistrulli, Paolo - Banca d'Italia - 2011
In this paper, we test whether micro firms run by migrants pay more for credit than firms run by natives and whether the differences in the cost of credit for these two groups of entrepreneurs decrease as the informational and cultural gaps narrow. We employ a large and unique data set providing...
Persistent link: https://www.econbiz.de/10008865937
Cover Image
The impact of the sovereign debt crisis on the activity of Italian banks
Albertazzi, Ugo; Ropele, Tiziano; Sene, Gabriele; … - Banca d'Italia - 2012
that, even when controlling for the standard economic variables that influence bank activity, a rise in the spread is …
Persistent link: https://www.econbiz.de/10011105110
Cover Image
Bank Capital and Lending Behaviour: Empirical Evidence for Italy
Gambacorta, Leonardo; Mistrulli, Paolo Emilio - Banca d'Italia - 2003
GDP shocks owing to a different degree of bank capitalization. The effects on lending of shocks to bank capital that are … effects of the "bank lending channel" from those of the "bank capital channel" in the case of a monetary shock; it also … provides an explanation for asymmetric effects of GDP shocks on lending based on the link between bank capital and risk …
Persistent link: https://www.econbiz.de/10005467288
Cover Image
Fynancial Systems and the Role of Banks in Monetary Policy Transmission in the Euro area
Ehrmann, Michael; Gambacorta, Leonardo; Jorge … - Banca d'Italia - 2001
monetary policy does alter bank loan supply, with the effects most dependent on the liquidity of individual banks. Unlike in … the US, the size of a bank does generally not explain its lending reaction. We also show that the standard publicly …
Persistent link: https://www.econbiz.de/10005113613
Cover Image
Wealth effects in emerging economies
Ciarlone, Alessio - Banca d'Italia - 2012
In this paper I estimate the impact of changes in real and financial wealth � proxied by house and stock market prices � on private consumption for a panel of sixteen emerging economies in Asia and Central and Eastern Europe. Using recent econometric techniques for heterogeneous...
Persistent link: https://www.econbiz.de/10009645796