We look at the role of the financial sector in the context of the relatively backward regions of Southern Italy (the so … considerably riskier than those elsewhere in Italy. It also indicates, however, that risk accounts for only half of the 200 basis … and argue that Southern banks tend to perform their screening function less efficiently than banks in the rest of Italy …

is therefore somewhat surprising to observe that Italy, in comparison to the United States, displays less inequality … around the idea that even if in Italy moving up on the social ladder is easier, the incentive to move may be lower, making …