The study of the relationship between finance and growth has a great importance both for financial systems’ regulation and for intermediaries’ strategic choices. Many empirical researches underlined in the past a positive evidence not confirmed in recent years. Focusing on advanced...

The Italian financial system is still largely relying on bank loans to small and medium enterprises. In order to develop wider equity and bond markets, it is necessary to create incentives to strengthen the role of the capital markets, starting from mini-bonds issuing and loan securitization