The aim of the paper is to test the existence of a strong relationship between the acquisition of financial literacy and financial experience, gained with the daily use of different products and services. Data are drawn by the 2008 Bank of Italy Survey on Household Income and Wealth. The...

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...

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

This paper examines the determinants of shareholder value creation for a large sample of European banks. By using a panel data model, we find that bank profits and shareholder value are positively influenced by cost and profit efficiency, operational risk exposure, unexpected credit losses and...