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The Insolvency Regime for Large Enterprises in Italy : An Economic and Legal Assessment
Belhocine, Nazim - 2018
The modernization of Italy's insolvency framework has been the subject of much interest in recent years, related not … least to its role in potentially facilitating an efficient allocation of resources. A unique feature of Italy's insolvency … folding the special regime into the general insolvency regime, possibly with provisions to allow for state intervention in …
Persistent link: https://www.econbiz.de/10012909405
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Raising Rates with a Large Balance Sheet : The Eurosystem's Net Income and its Fiscal Implications
Belhocine, Nazim; Bhatia, Ashok Vir; Frie, Jan-Martin - 2023
The Eurosystem, having purposefully expanded its footprint in recent years, confronts a period of loss-making as rising policy rates lift the remuneration of bank reserves while assets churn more slowly. This paper projects the net income of the Eurosystem and its “top-five” national central...
Persistent link: https://www.econbiz.de/10014353226