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Rethinking Prices and Markets Underlying Price-Competitiveness Indicators
Felettigh, Alberto - 2019
of Italy (Felettigh et al., 2015), which is based on the producer prices of domestically-sold manufactures, and we refine … since 1999, Italy and Spain have performed better in the non-euro area than in the euro-area markets. Competitiveness in the … in Italy and in Germany …
Persistent link: https://www.econbiz.de/10012898801
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Reassessing Price-Competitiveness Indicators of the Four Largest Euro-Area Countries and of Their Main Trading Partners
Felettigh, Alberto - 2016
This paper provides new Bank of Italy indicators of price competitiveness for 62 countries. We refreshed the approach … measures. However, the competitiveness gap in 2014 vis-à-vis Germany remained unchanged in Italy and Spain, while it increased …-area countries than with respect to the others; no significant difference was recorded in Italy …
Persistent link: https://www.econbiz.de/10012999552
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An Indicator of Macro-Financial Stress for Italy
Miglietta, Arianna - 2019
We develop a measure of systemic stress for the Italian financial markets (FCI-IT) that aggregates information from five major segments of the whole financial system, i.e. the money market, the bond market, the equity market, the foreign exchange market and the market for stocks of financial...
Persistent link: https://www.econbiz.de/10012865128
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Missing Investors in the Italian Corporate Bond Market
Accornero, Matteo - 2019
Italy, differently than in economies with more developed bond markets, the role of domestic institutional investors is …
Persistent link: https://www.econbiz.de/10012867308
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An Indicator of Systemic Liquidity Risk in the Italian Financial Markets
Iachini, Eleonora - 2014
This paper introduces a coincident indicator of systemic liquidity risk in the Italian financial markets. In order to take account of the systemic dimension of liquidity stress, standard portfolio theory is used. Three sub-indices, that reflect liquidity stress in specific market segments, are...
Persistent link: https://www.econbiz.de/10013048157
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First-Time Corporate Bond Issuers in Italy
Accornero, Matteo - 2015
The paper looks at the characteristics of Italian non-financial firms that accessed the bond market for the first time between 2002 and 2013. The results of logit estimations indicate that first-time bond issuers are significantly larger and more frequently listed on the stock exchange than...
Persistent link: https://www.econbiz.de/10013022299
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The digital trasformation in the Italian banking sector
Arnaudo, Davide; Del Prete, Silvia; Demma, Cristina; … - 2022
Using a unique dataset based on the results of a survey of almost 280 Italian banks (Regional Bank Lending Survey), this paper presents early evidence on the digital transformation of the Italian banking sector over the period 2007-2018. By building a composite indicator that measures the...
Persistent link: https://www.econbiz.de/10013288977
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A Microsimulation Model to Evaluate Italian Households’ Financial Vulnerability
Michelangeli, Valentina - 2015
We build a microsimulation model to monitor the financial vulnerability of Italian households. Starting from household-level data from the Survey on Household Income and Wealth and matching them with macroeconomic forecasts on debt and income, we project the future path of households'...
Persistent link: https://www.econbiz.de/10013028309
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Recent Estimates of Sovereign Risk Premia for Euro-Area Countries
Di Cesare, Antonio - 2012
spreads relative to Germany for Italy and other euro area countries. Both previous analyses and the new evidence presented in …
Persistent link: https://www.econbiz.de/10013099594
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The IMF Safety Net and Emerging Markets' Sovereign Spreads
Maurini, Claudia - 2017
This paper assesses empirically the effectiveness of the IMF as a component of the Global Financial Safety Net by running a panel regression on a sample of emerging market countries' sovereign spreads. In particular, we check if the size of the Fund's lending capacity and the introduction of the...
Persistent link: https://www.econbiz.de/10012958378