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To stabilize and bring down nonperforming loans (NPLs) in the Italian banking system, the Italian authorities have been implementing a number of reforms, aimed among others at speeding up insolvency and enforcement proceedings, strengthening bank corporate governance, cleaning up balance sheets,...
Persistent link: https://www.econbiz.de/10011711730
This paper explains why EMU countries seem unable or unwilling to undertake structural reforms of public expenditure. One of the reasons is political. What public expenditure reforms might be pursued without changing the political system? Without political reforms, technical improvements made to...
Persistent link: https://www.econbiz.de/10014403530
Germany, Greece, Ireland, Italy, Spain and Portugal. The stability of Germany is a close proxy for the resilience of the euro … during 2009–12 were due to idiosyncratic factors, market developments in Italy and Spain contributed significantly, likely …’s sovereign CDS despite initial widespread concerns about such linkages. Spain and Italy show a notable co-dependence in …
Persistent link: https://www.econbiz.de/10014411217
In Italy, price-based competitiveness measures are not always an accurate predictor of trade outcomes. This paper … Italy’s export market share. Overall, Italy maintains a high-quality export mix, and the adaptability of small … sectors are weighed down by the structural barriers that have depressed productivity more broadly. Italy’s future …
Persistent link: https://www.econbiz.de/10014411220
exchange rate expectations and on interest rates on publicly held government debt. In Italy, the high stock of such debt in …
Persistent link: https://www.econbiz.de/10014396172
interest rate differentials and capital and reserve flows suggest that Italy’s nonaccommodating exchange rate policy has become …
Persistent link: https://www.econbiz.de/10014398633
The paper surveys three broad categories of labor market institutions in Italy: employment protection legislation …
Persistent link: https://www.econbiz.de/10014398640
We examine how bank competition in the run-up to the 2007-2009 crisis affects banks' systemic risk during the crisis. We then investigate whether this effect is influenced by two key bank characteristics: securitization and bank capital. Using a sample of the largest listed banks from 15...
Persistent link: https://www.econbiz.de/10012102090
Persistent link: https://www.econbiz.de/10010441754
The transmission of monetary policy to credit aggregates and the real economy can be impaired by weaknesses in the contracting environment, shallow financial markets, and a concentrated banking system. We empirically assess the bank lending channel in Uganda during 2010–2014 using a...
Persistent link: https://www.econbiz.de/10012008491