Showing 1 - 10 of 146
opportunities for flight-to-quality. During the crisis the structure of banks' international organization also mattered as banks …
Persistent link: https://www.econbiz.de/10013028302
opportunities for flight-to-quality. During the crisis the structure of banks' international organization also mattered as banks …
Persistent link: https://www.econbiz.de/10013030227
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
Financial exclusion concerns 2.5 billion individuals and more than 450 million enterprises. The G20 countries are committed to the reduction of this phenomenon. The Bank of Italy has a fundamental role in the field of financial inclusion, both on a national and an international scale through...
Persistent link: https://www.econbiz.de/10013067047
and the quality of loans to Italian firms. This paper proposes a new definition of local banks, whose main advantage … credit quality was less for local banks than for non-local banks …
Persistent link: https://www.econbiz.de/10014135554
In this paper we provide new evidence on the relationship between market concentration in the banking industry and firm dynamics. In Italy, in the case of a banking merger or acquisition, the antitrust authorities can require the sale of bank branches if the joint market share of the banks...
Persistent link: https://www.econbiz.de/10012997289
In the euro area, macroprudential policy can be a powerful complement to monetary policy. However, its coordination with microprudential policy is a particularly delicate task. The coexistence of two supervisory regimes that rely on similar tools to pursue different objectives may at times give...
Persistent link: https://www.econbiz.de/10012997291
This paper examines the history and the determinants of bank profits in Italy from 2005-15. We first identify a number of key stylized facts by comparing the income statement of Italian lenders with that of banks in other European countries. The comparison suggests that the profitability gap of...
Persistent link: https://www.econbiz.de/10012962982
Italian Abstract: Il lavoro analizza la dinamica e le caratteristiche delle obbligazioni bancarie detenute dalle famiglie italiane e presenta una stima del rendimento lordo a scadenza delle obbligazioni bancarie sottoscritte all'emissione. Dal 1950 la quota di tali attività nel portafoglio...
Persistent link: https://www.econbiz.de/10012963002
This paper explores the effect of taxation on the capital structure of banks. For identification, we exploit exogenous regional variations in the rate of the Italian tax on productive activities (IRAP) using administrative, confidential data on regional banks provided by the Bank of Italy...
Persistent link: https://www.econbiz.de/10012963003