During the financial crisis banks faced liquidity shocks, and lending slowed down. The reduction in credit availability was due to demand- and supply-side factors. The decrease in turnover and investment led to a contraction of financial needs; on the other hand, the tightening of credit supply...

We investigate the duration of bad loans for a unique data set of sole proprietorships in Italy, finding that bad loans for female firms last longer. However, this result is mainly due to the fact that loans granted to female firms are less frequently written off than those to male ones,...

Italian Abstract: Il lavoro analizza i divari territoriali nell’accesso al credito delle imprese italiane. L’analisi econometrica, riferita al periodo 2010-2019, mostra, come già rilevato da precedenti studi, che le imprese meridionali, a parità di caratteristiche, ottengono prestiti più...

The recent economic and financial crisis has drawn attention to how mutual guarantee institutions (MGIs) facilitate small and medium enterprises in accessing bank financing. The aim of this paper is twofold. First, we describe the structural features of the Italian market for mutual guarantees...