Showing 1 - 10 of 281
paper provides an estimate of the composition, by instrument and by issuer country, of Italy's portfolio assets after … arising from cross-border positions in investment funds has a significant impact on the composition of Italy's portfolio … fundamentally changes in the direction of increasing its geographical diversification. The United States becomes Italy's main …
Persistent link: https://www.econbiz.de/10012914889
This paper studies what impact liquidity shocks have on liquid assets and domestic and cross-border lending. In particular, we look for differences across banks depending on their international exposure and we account for the effects of the sovereign debt crisis and the ECB's non-conventional...
Persistent link: https://www.econbiz.de/10013026934
since 1999, Italy and Spain have performed better in the non-euro area than in the euro-area markets. Competitiveness in the … of Italy (Felettigh et al., 2015), which is based on the producer prices of domestically-sold manufactures, and we refine … in Italy and in Germany …
Persistent link: https://www.econbiz.de/10012898801
taxation between Italy, France, Germany, Spain and the UK, the paper provides estimates for the tax burden and deferred tax …
Persistent link: https://www.econbiz.de/10012994478
supply of bank loans in Germany, Italy and Spain, while some demand obstacles arise in France …
Persistent link: https://www.econbiz.de/10013078679
measures. However, the competitiveness gap in 2014 vis-à-vis Germany remained unchanged in Italy and Spain, while it increased …This paper provides new Bank of Italy indicators of price competitiveness for 62 countries. We refreshed the approach … marginally in France. The cumulative trend for 1999-2014 in France, Germany and Spain was more favorable vis-à-vis euro …
Persistent link: https://www.econbiz.de/10012999552
The analyses of the international investment position and balance of payments statistics suggest that foreign assets held abroad are greatly underestimated, in particular in the sector of portfolio investments. The aim of this work is to test this hypothesis and to estimate the magnitude of...
Persistent link: https://www.econbiz.de/10013099597
This work studies the contagion risk through the portfolio investment channel using network analysis and simulation on cross-country bilateral data. The importance of the portfolio channel in the transmission of financial shocks reflects the high interconnectedness of the global financial...
Persistent link: https://www.econbiz.de/10012921190
We develop a methodology to identify and rank ‘systemically important financial institutions' (SIFIs). Our approach is consistent with that followed by the Financial Stability Board but, unlike the latter, it is free of judgment and it is based entirely on publicly available data, thus filling...
Persistent link: https://www.econbiz.de/10013024288
This paper presents stylized facts of the segmentation of the Euro Area (EA) banking system and investigates cross-border banking dynamics. Results show that the determinants of cross-border banking change substantially over-time: (i) in the pre-crisis period of financial integration the...
Persistent link: https://www.econbiz.de/10013028302