Increasing temperatures and snow-scarce winter seasons challenge the winter tourism industry, one of the most weather-sensitive economic sectors. In this paper we assemble a novel dataset matching weather conditions and tourism flows in a sample of 39 Italian ski resorts in the last 20 years. We...

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...

This paper studies costs and benefits of firm networks, and related industrial policies, with a focus on the "network contract" recently introduced in the Italian legislation. Incentives to networks creation could be useful to foster future mergers, but may prove ineffective as a substitute for...

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...