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capital income taxation in Italy, the EU and the US. The paper also analyses the recent evolution of capital taxation and … portfolio allocation in Italy. The findings point to high heterogeneity in the choice of the type of tax system, taxation level … system. Empirical evidence for Italy suggests that the tax burden on financial assets has increased in recent years but the …
Persistent link: https://www.econbiz.de/10012865599
We assess the effects of the sovereign debt crisis on Italian banks' activity using aggregate data on funding and loan rates, lending quantities and income statements for the period 1991-2011. We augment standard reduced-form equations for the variables of interest with the spread on 10-year...
Persistent link: https://www.econbiz.de/10013099517
The debate on the underlying causes of the decline of interest rates to historically low levels is ongoing both in academia and among policy makers. Several explanations have been put forward, ranging from those citing real and structural factors to those underscoring the importance of cyclical...
Persistent link: https://www.econbiz.de/10012945276
Since the early part of 2010 tensions in the sovereign debt markets of some euro-area countries have progressively distorted monetary and credit conditions, hindering the ECB monetary policy transmission mechanism and raising the cost of loans to non-financial corporations and households. This...
Persistent link: https://www.econbiz.de/10013080000
The paper analyses the main differences in the financial structure of Italian and European non financial corporations in the 2004-2007 period, that is during the years before the financial crisis. The research is based on individual balance sheets of Amadeus (Analyse Major Databases from...
Persistent link: https://www.econbiz.de/10013132324
The fall in employment and the increase in unemployment rates in Italy in 2009 were fairly modest, given the sharp drop … drop in participation in the South (the discouragement effect). The results of the Bank of Italy's Survey of Industrial and …
Persistent link: https://www.econbiz.de/10013135339
of interest. Secondly, we assess the governance of closed and open pension funds in Italy by analyzing their bylaws and …
Persistent link: https://www.econbiz.de/10013136610
In this paper we focus on tenant rents in Italy and compare results from several methods for the rent dynamic …
Persistent link: https://www.econbiz.de/10013136613
The paper analyzes developments in bank lending in Italy during the financial crisis, assessing the relative …
Persistent link: https://www.econbiz.de/10013136615
structural nature. First, it examines the performance and the regulatory framework of real-estate investment funds in Italy …
Persistent link: https://www.econbiz.de/10013136645