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Crisis and Italian Households : A Microeconomic Analysis of Mortgage Contracts
Felici, Roberto - 2012
Using information on about 2 million house purchase loans to households, this paper analyses the effects of the financial crisis on this portion of the credit market. From 2008 to 2011 the total number and value of new mortgages decreased sharply. The results show that young households and...
Persistent link: https://www.econbiz.de/10013099600
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With (More Than) a Little Help from My Bank. Loan-to-Value Ratios and Access to Mortgages in Italy
Liberati, Danilo - 2016
households indicates that the improvement in the ability of the latter to sustain a mortgage was counterbalanced by a tighter … and the slope of the ‘mortgage affordability curve', the curve that shows the share of eligible households at different … lowered the share of eligible families at high LTVs and mildly increased it at lower LTVs. Moreover, we find that mortgage …
Persistent link: https://www.econbiz.de/10012994331
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From Few to Many : Product Differentiation in the Italian Mortgage Market
Del Prete, Silvia - 2017
Nowadays Italian borrowers can choose among a variety of mortgage contracts. Using a special Bank of Italy survey on … effect among banks in providing differentiated mortgage contracts …
Persistent link: https://www.econbiz.de/10012946373
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Contingent Liquidity
Nicoletti-Altimari, Sergio - 2010
After the crisis, bank regulators are considering mitigating liquidity risk by introducing quantity limits on liquidity and maturity mismatch. We argue that aggregate liquidity risk can be reduced with little deadweight loss by encouraging banks, through adequate regulatory relief, to satisfy...
Persistent link: https://www.econbiz.de/10013135336
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Inside the Labyrinth of Basel Risk-Weighted Assets : How Not to Get Lost
Cannata, Francesco - 2012
Many studies have questioned the reliability of banks' calculations of risk-weighted assets (RWA) for prudential purposes. The significant divergences found at international level are taken as indicating excessive subjectivity in the current rules governing banks' risk measurement and capital...
Persistent link: https://www.econbiz.de/10013099519
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Basel 2.5 : Potential Benefits and Unintended Consequences
Pepe, Giovanni - 2013
Since 1996 the Basel risk-weighting regime has been based on the distinction between the trading and the banking book. For a long time credit items have been weighted less strictly if held in the trading book, on the assumption that they are easy to hedge or sell. The Great Financial Crisis made...
Persistent link: https://www.econbiz.de/10013082381
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Il credito cooperativo alla sfida di Basilea 3 : tendenze, impatti, prospettive (Italian Mutual Banks and the Challenge of Basel III)
Cannata, Francesco - 2013
Il Credito Cooperativo giunge alla sfida di Basilea 3 dopo un decennio di profonde trasformazioni, che hanno influito sulle politiche creditizie e sulle modalità di gestione dei rischi; i fattori congiunturali continuano a esercitare pressione sul modello di business tradizionale. La prossima...
Persistent link: https://www.econbiz.de/10013082383
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Looking Ahead to Basel 3 : Italian Banks on the Move
Cannata, Francesco - 2013
In December 2010 the Basel Committee on Banking Supervision published a set of new regulations for banks in response to the financial crisis. This paper aims at evaluating the possible effects of the new framework on banks' available regulatory capital and risk-weighted assets and assessing...
Persistent link: https://www.econbiz.de/10013082457
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Integrating Stress Tests within the Basel III Capital Framework : A Macroprudentially Coherent Approach
Bologna, Pierluigi - 2017
In the post-crisis era banks' capital adequacy is established by the Basel III capital standards and, in many jurisdictions, also by supervisory stress tests. In this paper we first describe the ways in which supervisory stress tests can supplement the risk-based capital framework of Basel III...
Persistent link: https://www.econbiz.de/10012962999
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The Effects of Basel 2 on Italian Banks : Results of the 5th Quantitative Simulation
Cannata, Francesco - 2007
In 2007 the new framework for capital adequacy of banks (Basel 2), defined in 2004 by the Basel Committee for Banking Supervision, will replace the 1988 Accord (Basel 1) in all major countries. In the last years the Committee has carried out several impact studies in order to simulate the...
Persistent link: https://www.econbiz.de/10012729097