After the crisis and recent State interventions, the private nature of banks and their role in terms of public interest has been strongly questioned. In the new scenario, is there a scope for public banks? And what should be the regulatory framework to ensure that their strategy and management...

The market for Italian real estate funds has been characterized in recent years by fluctuations affecting both the number of new products and their performance. It is therefore important to establish criteria for measuring the funds’ performances, based on the income return and capital growth...

The variability of cash flows of Real Estate investments is affected by specific characteristic of each investment and by the choices for the portfolio composition and for the debt structure. The Italian Real Estate funds could not be evaluated with the same approaches used for other...

An empirical analysis, based on Computer Aided Text Analysis, is aimed to highlight the impact of Bank of Italy’s communications on the behaviour of supervised subjects.The results reveal the presence of «signs of address» perceived in different ways by intermediaries and markets, especially...

After the crisis, it is necessary to promote in organizations a compliance cuIture in order to guide management behaviours. But also the choice of the supervision style by the Banking Union will be crucial in order to properly and effectively orient the relations between supervisors and...

The ability of the traditional media to capture the attention and to influence, at least in the short term, individuals awareness of financial events is still relevant. However, social networks are now taking an increasing role in the circulation of news