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Identifying Deposits' Outflows in Real-Time

Rainone, Edoardo - 2021

We propose a method based on control charts to identify in real-time sudden deposits' outflows through payment systems. The performance of the methodology is assessed with both Monte Carlo simulations and real transaction-level TARGET2 data for a large sample of Italian banks. We identify a set...

Persistent link: https://www.econbiz.de/10013232806

Asymmetric Information and Corporate Lending : Evidence from SME Bond Markets

Nobili, Stefano; Scalia, Antonio; Zaccaria, Luana; … - 2021

Using a comprehensive dataset of Italian SMEs, we find that differences between private and public information on firm creditworthiness affect the decision to issue traded debt securities. Specifically, holding public information constant, firms with better private fundamentals are more likely...

Persistent link: https://www.econbiz.de/10013239270

The heterogeneous effects of bank mergers and acquisitions on credit to firms : evidence from Italian macro-regions

Del Prete, Silvia; Demma, Cristina; Garri, Iconio; … - 2023

The literature has shown that in the short- and medium-term bank mergers and acquisitions (M&As) may generate a temporary reduction in firm credit. Using bank-firm matched data, this paper investigates the impact of M&As involving Italian banks over the period 2009-2019 on credit to firms,...

Persistent link: https://www.econbiz.de/10014253978

Public Sector Efficiency and Political Culture

Giordano, Raffaela - 2011

The capability of a country's public sector to provide high-quality goods and services in a cost-effective way is crucial to fostering long-term growth. In this paper we study the determinants of public service efficiency (PSE) and in particular the role of citizens' political values. Indeed, we...

Persistent link: https://www.econbiz.de/10013125754

Heterogeneous Peer Effects in Education

Patacchini, Eleonora - 2016

We investigate whether, how, and why individual education attainment depends on the educational attainment of schoolmates. Specifically, using longitudinal data on students and their friends during the school years in a nationally representative set of US schools, we consider the impact of...

Persistent link: https://www.econbiz.de/10012995642

Young Adults Living with Their Parents and the Influence of Peers

Adamopoulou, Effrosyni - 2016

This paper focuses on young adults in the US living with their parents and studies the role of peers. Using data from the National Longitudinal Study of Adolescent Health we analyse the influence of high school friends on the nest-leaving decision of young adults. We achieve identification by...

Persistent link: https://www.econbiz.de/10012999059

Inequality and Trust : New Evidence from Panel Data

Barone, Guglielmo - 2015

The relationship between inequality and trust has attracted the interest of many scholars who have found a negative … relationship between the two variables. However, the causal link from inequality to trust is far from being identified and the … findings, income inequality significantly and negatively affects generalised trust. However, this result only holds for …

Persistent link: https://www.econbiz.de/10013030211

A Note on Social Capital, Space and Growth in Europe

Lavecchia, Luciano - 2015

This note replicates the analysis of Tabellini (2010) on the relationship between social capital and regional economic growth in Europe, extending that work and the underlying dataset by focusing on the spatial dimension of social capital and introducing a definition of contiguity among European...

Persistent link: https://www.econbiz.de/10013012476

Social Capital and the Cost of Credit : Evidence from a Crisis

Mistrulli, Paolo Emilio - 2015

Social capital is a key factor affecting the functioning of financial markets (Guiso, Sapienza and Zingales, 2004). However, the estimation of the effect of social capital on credit markets is notoriously difficult. In this paper we exploit the recent Lehman Brothers crisis and a rich dataset to...

Persistent link: https://www.econbiz.de/10013023488

Italian Open-End Funds : Performance of Asset Management Companies

Bianchi, Michele Leonardo - 2011

We empirically analyse the returns of both Italian and round-trip open-end funds managed by Italian asset management companies (SGRs) in the period 2003-2008. Taking into account a modified version of the capital asset pricing model (CAPM), we estimated a performance measure for each asset...

Persistent link: https://www.econbiz.de/10013125743

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