The affordability index of Italian households analyzes the factors influencing the households’ propensity to buy an house with a mortgage loan. In 2013, the index recorded a significant improvement returning to pre-crisis levels, due to the houses prices decrease and to the fall of interest...

In the area of financial education it is important to link training content to its function and receivers, and to realize a coherent and useful format.The topics of financial education have to be related to specific areas and situations and to welldefined needs. The trainers need to understand...

Italian households are suffering the crisis and retail banks should carefully consider the new scenario in order to develop appropriate strategies and customer relationships management techniques. A new Financial Vulnerability Index, based on different stress profiles and on the analysis of...

A sample of 1,087 Italian university students was surveyed to investigate their financial education and its determinants. Financial education of first-year and third-year business and non-business students was assessed using a 20-item test aimed at measuring both financial knowledge and...

The development of a long lasting relationship between banks and firms requires greater cooperation between the two parties, which must be based on transparency, availability of the right quantitative and qualitative information, the correct and complete use of these information by banks, in...

To estimate the probability of default of companies and the correlated rating classes, it is necessary to use efficiently the information contained in different databases. In this respect, we propose a novel approach, based on the recursive usage of Bayes theorem, that can be very helpful in...

The crisis has strongly influenced the funding policies in Italian banks, pushing them to raise their stock of time deposits, an attractive product for retail customers in terms of low issuer risk and no market risk

Establishing a European Banking Union offers clear opportunities: to break bank-fiscal interactions, national supervisory silos and home biases, to reduce fragmentation and improve single market, to stabilize the euro. Nonetheless it involves also risks related to the crisis management...

The proposal for a Directive and the related impact study presented by Ec in 2012 have the purpose to reorganize the financial systems crisis regulation, with particular emphasis on bank recovery and resolution. The new harmonized rules identify three groups of measures relating to prevention,...

Networks development and technological innovation are the challenges that the interbank payment system will face to ensure efficiency and reliability to the operations involving businesses, citizens and public administrations. In Italy, as part of efforts to implement the Digital Agenda, is...