The evolution of the banking industry has always been affected by recurrent waves of technological, regulatory and organizational changes. All such changes have significant effects on the spatial organization of banks, the interconnectedness of geographical credit markets and the core-periphery...

In this paper we look at the effect of International Monetary Fund (IMF) lending programs on banking crises in a large sample of developing countries, over the period 1965-2010. The endogeneity of the Fund intervention is addressed by adopting an instrumental variable (IV) strategy, in which the...

Questo lavoro analizza le diverse fasi della recente crisi economico-finanziaria, ponendo l'accento sull'entita' del credit crunch in Italia e nel resto d'Europa, al fine di cogliere le similitudini ma, soprattutto, le differenze tra i paesi centrali e quelli periferici ell'area dell'euro, tra i...

Questo paper analizza in che misura i confidi siano riusciti a limitare i problemi di accesso al credito da parte delle piccole imprese durante la crisi.;Dapprima vengono discusse le principali trasformazioni registrate dalla struttura del settore dei confidi negli anni recenti e le evidenze...

We estimate a behavioural model of household's remittances to investigate to what extent the level of financial development in the home country affects decisions on whether and how much to remit.

For many countries, remittance behaviour by migrants is an important component of their overall international financial flows. To date, the empirical literature has analysed the propensity to remit as a function of migrants' socio-economic characteristics. However, no studies have fully...

Negli ultimi anni la diffusione delle autorita' indipendenti ha rappresentato un importante tratto distintivo dell'evoluzione istituzionale di gran parte dei paesi. La corrispondente delega di poteri Š stata giustificata con la necessaria autonomia dal potere politico ed economico, nell'ipotesi...

This paper is the first systematic attempt to investigate the factors affecting time persistence in remittance behaviour at the individual level. We argue that the time profile of remittance ows from individual migrants is of considerable theoretical relevance and also has very important policy...

In this paper, we use data from the German Socio-Economic Panel (SOEP) in the 1997-2009 period for a large sample of migrants from 84 countries in order to develop an empirical model for the propensity by migrants to remit. Our model takes into full account the intertemporal aspects of the...