at a time-varying VAR model of Italy's relative performance compared with the rest of the euro area, spanning from 1976 …

's prosperity. The paper focuses on political events in Italy over the past 35 years and asks whether the adoption of the euro in … 1999 has helped insulate Italy's financial markets from the adverse consequences of its traditionally unstable political … system. We find that important political events have exerted a statistically and economically significant effect on Italy …

in Germany and Italy, which are characterized by a large number of banks; but it is very weak in Spain and more … savings banks with smaller size in Italy. Third, heterogeneity across groups of banks belonging to the same category in any …

differentials in explaining city-level house price dispersion in Germany, France, and the US (but not in Italy or Spain once …

at a time-varying VAR model of Italy’s relative performance compared with the rest of the euro area, spanning from 1976 …

’s prosperity. The paper focuses on olitical events in Italy over the past 35 years and asks whether the adoption of the euro in … 1999 has helped insulate Italy’s financial markets from the adverse consequences of its traditionally unstable political … system. We find that important political events have exerted a statistically and economically significant effect on Italy …

, Germany and Italy. The results show that, in all three countries, a sizeable wealth gap exists between natives and immigrants …