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

Italian banks are facing a difficult scenario: zero growth of the economy, higher cost of funding and new regulatory burdens arising from Basel 3.Among their possible choices are the rationalization of the distribution system, but the application of more stringent rules can also be an...

Which are the actions that can be put in place, in order to manage a serious or irreversible corporate crisis? In Italy the debt restructuring plans have been modified in recent years and the new bankruptcy provisions have introduced market solutions beside the judicial ones. Essential condition...