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The Role of Bank Supply in the Italian Credit Market : Evidence from a New Regional Survey
Orame, Andrea - 2020
The work analyses the characteristics of supply in the Italian credit market with a focus on the years 2009-2014. By using a new survey, I find that approximately 40 percent of the decline in business lending originates in the tightening of bank credit standards, with a significant decrease in...
Persistent link: https://www.econbiz.de/10012827458
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Why Do (or Did?) Banks Securitize Their Loans? Evidence from Italy
Affinito, Massimiliano; Tagliaferri, Edoardo - 2010
This paper investigates the ex-ante determinants of bank loan securitization by using different econometric methods on Italian individual bank data from 2000 to 2006. Our results show that bank loan securitization is a composite decision. Banks that are less capitalized, less profitable, less...
Persistent link: https://www.econbiz.de/10014195403
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Debt Restructuring and the Role of Lending Technologies
Micucci, Giacinto - 2010
The literature on debt restructuring usually assumes that banks behave in a uniform way towards firms in distress. Using a recent survey of Italian banks, we show that banks follow different strategies when they decide whether to take part in the workout process, in that some of them do...
Persistent link: https://www.econbiz.de/10013136541
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Credit Supply, Flight to Quality and Evergreening : An Analysis of Bank-Firm Relationships after Lehman
Albertazzi, Ugo - 2010
-firm relationships in Italy after Lehman's collapse. We control for firms' unobservable characteristics, such as credit demand and …
Persistent link: https://www.econbiz.de/10013138576
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Bridging the Gap Between Migrants and the Banking System
Albareto, Giorgio - 2011
banks to sole proprietorships based in Italy. We find that migrants pay, on average, almost 70 basis points more for credit … than natives. The interest rate differential is lower for entrepreneurs born in Italy whose parents were natives of other … countries (“second generation” migrants) and for migrants whose parents were natives of Italy (“Italian migrants”). These …
Persistent link: https://www.econbiz.de/10013125742
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Credit Supply During a Sovereign Debt Crisis
Bofondi, Marcello - 2013
exploit the lower impact of sovereign risk on foreign banks operating in Italy than on domestic banks. We study firms …
Persistent link: https://www.econbiz.de/10013082512
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An Unexpected Crisis? Looking at Pricing Effectiveness of Different Banks
Vacca, Valerio Paolo - 2013
This paper shows how credit quality transition matrices of loans to Italian firms changed during a cyclical downturn (2008-09), compared with a previous time of growth (2006-07). Once transition matrices were linked to interest rates, banks appear to have been remarkably able at calibrating...
Persistent link: https://www.econbiz.de/10013092136
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The Management of Interest Rate Risk During the Crisis : Evidence from Italian Banks
Esposito, Lucia - 2013
Changes in interest rates constitute a major source of risk for banks' business activity and can diversely affect their financial conditions and performance. We use a unique dataset to analyse Italian banks' exposure to interest rate risk during the crisis, relying on the standardized duration...
Persistent link: https://www.econbiz.de/10013072610
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Lending Organization and Credit Supply During the 2008-09 Crisis
Del Prete, Silvia - 2017
Using a dataset that combines bank organizational variables with information on firms' credit demand and balance-sheet indicators, we investigate the impact of how bank lending was organized on credit dynamics during the 2008-09 financial crisis. Our main findings suggest that the organization...
Persistent link: https://www.econbiz.de/10012956896
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Credit Misallocation During the European Financial Crisis
Schivardi, Fabiano - 2017
unique dataset that covers almost all bank-firm relationships in Italy in the period 2004-2013, we find that during the …
Persistent link: https://www.econbiz.de/10012945846