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The conclusions of the Vickers Report, broadly accepted by the Uk government, put the country on the forefront of the reform movement affecting banking supervision. The traditional British light regulatory touch, this time, has given way to a decisive crackdown, mainly due to the effects of the...
Persistent link: https://www.econbiz.de/10010857916
The relationship between economic activity and the banking sector has always been one of the central themes in both the academic and practitioners debates. In this work we present a methodological tool of macro stress tests, focused on Italy. We estimate an autoregressive model (Var) to assess...
Persistent link: https://www.econbiz.de/10010857904
Economic and financial measures studied for the past century are not suitable for the current scenario. If the market is now global, the regulation cannot be locally oriented. Moreover, rules have to bring value, principles and ethics into the economic world. In that way the Government, banks...
Persistent link: https://www.econbiz.de/10008458469
Infrastructure systems are closely connected with the aggregate production function and endogenous growth. To encourage their development, it is necessary to address the question of their selection and financing, especially re-considering the budget rules defined by the Fiscal Compact. Among the...
Persistent link: https://www.econbiz.de/10010579505
European Parliament, Council and Commission reached an agreement to undertake a review of the Eu budget, in order to redefine the general guidelines and priorities and enable the European Union to implement effective actions in long term decision
Persistent link: https://www.econbiz.de/10008557238
This paper explores the ability of a class of two-sector dynamic general equilibrium models to generate equilibrium time series for Money Laundering (Ml), through numerical simulations.The paper adopts this approach for the Italian, Us and the Eu-15 economies.The simulations show that Ml...
Persistent link: https://www.econbiz.de/10008926970
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...
Persistent link: https://www.econbiz.de/10010857843
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...
Persistent link: https://www.econbiz.de/10010857844
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
Persistent link: https://www.econbiz.de/10010857845
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...
Persistent link: https://www.econbiz.de/10010857847