Showing 1 - 10 of 155
A comprehensive analysis of price and cost competitiveness warrants an assessment of a range of alternately deflated nominal effective exchange rates. Here, we focus solely on the price-competitiveness indicator currently published by the Bank of Italy (Felettigh et al., 2015), which is based on...
Persistent link: https://www.econbiz.de/10012898801
Drawing on data from the Eurosystem's recent Securities Holdings Statistics (SHS) and the IMF's Coordinated Portfolio Investment Survey (CPIS), the paper provides a detailed breakdown of foreign holders of Italian government securities by sector and geographical area. We estimate that euro-area...
Persistent link: https://www.econbiz.de/10012962997
This paper provides new Bank of Italy indicators of price competitiveness for 62 countries. We refreshed the approach adopted by the Bank in the 1990s but later discontinued in 2005 due to the cumbersome statistical requirements in order to accommodate the significant extension of the original...
Persistent link: https://www.econbiz.de/10012999552
We compare different approaches to constructing financial condition indices (FCIs) for major emerging market economies (EMEs). We further test whether measures of web-search intensity for keywords related to financial tensions can complement the information content of traditional financial...
Persistent link: https://www.econbiz.de/10013305719
Decentralized Autonomous Organisations (DAOs) can be understood as collective organizations that are run through blockchain-based smart contracts, which allow token holders to participate directly in decision-making processes. By harnessing the key features of distributed ledger technology...
Persistent link: https://www.econbiz.de/10014350365
Global Value Chains (GVCs) have been one of the main transmission mechanisms of 2009 the Great Trade Collapse. Our paper provides a description of the effects of the crisis from a perspective that is both country-comparative (Germany and Italy) and on firm level. Two are the main conclusions: i)...
Persistent link: https://www.econbiz.de/10012995255
Despite successive reforms, public procurement in Italy is still highly fragmented and vulnerable to collusion, corruption and ex-post renegotiation. Other defects are found in the planning stages of the works. These problems are due in part to the regulations on the awarding of public works...
Persistent link: https://www.econbiz.de/10013125888
the performance of operators through a study of their financial indicators and a non-parametric efficiency analysis. The … risk-free interest rate. The non-parametric efficiency analysis does not reveal significant economies of scope and … highlights a certain degree of variability of technical efficiency scores. This suggests that there is room for efficiency gains …
Persistent link: https://www.econbiz.de/10012719112
the near future the growth of multilateral development banks' (MDBs) own resources, call for maximizing capital efficiency …
Persistent link: https://www.econbiz.de/10012945274
This paper studies the effect of bank lending shocks on aggregate labor productivity. Exploiting a unique administrative dataset covering the universe of Italian manufacturing firms between 2000 and 2015, we apply the Melitz and Polanec (2015) decomposition at the 4-digit industry level to...
Persistent link: https://www.econbiz.de/10012865151