Italian Abstract: Il lavoro descrive le caratteristiche dei private placement e discute le condizioni necessarie per la loro diffusione in Europa. Il private placement è una modalità di finanziamento usata principalmente da imprese di medie dimensioni che, non potendo accedere al mercato...

Italian Abstract: Il tema del finanziamento degli investimenti a lungo termine è al centro dell'agenda delle autorità di politica economica; è tra le priorità della Presidenza italiana dell'Unione Europea. Il lavoro presenta le principali iniziative internazionali in materia e mette in rilievo...

Using a unique data set, this paper describes the main features of the venture capital industry in Italy. Operations by Italian specialised venture capitalists are only in part devoted to small, young firms from advanced industries, have a rather short duration and are weakly focused on a few...

The recent financial crisis has induced firms to turn increasingly to financing sources other than bank credit, and banks to boost their income from non-lending services. This paper provides some evidence concerning possibility and convenience for Italian banks to expand the supply of financial...

FinTech credit has attracted significant attention from academics and policymakers in recent years. Given its growing importance, in this paper we provide an overview of the empirical research on FinTech credit to households and non-financial corporations (NFCs). We focus on three broad topics:...

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...

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...

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...

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...

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...