Showing 1 - 10 of 368
empirical analysis, we build a parsimonious model of bank screening and lending that predicts that IT in banking can spur …
Persistent link: https://www.econbiz.de/10012605121
This paper examines the case for efficiency-driven banking sector consolidation in Italy, evaluates its potential … to be most as part of a comprehensive strategy that includes complementary reforms to clean up bank balance sheets. Cross …
Persistent link: https://www.econbiz.de/10011705343
Persistent link: https://www.econbiz.de/10010441888
We analyze the employment effects of financial shocks using a rich data set of job contracts, matched with the universe of firms and their lending banks in one Italian region. To isolate the effect of the financial shock we construct a firm-specific time-varying measure of credit supply. The...
Persistent link: https://www.econbiz.de/10011716594
The paper assesses the degree of banking competition and efficiency in Italy?over time as well as compared to that in … to be an important consideration, both in enforcing Italy''s antitrust laws and in ensuring that the procedures for …
Persistent link: https://www.econbiz.de/10014400137
firms in the non-financial sector. It finds that bank competition has an overall positive effect on firm creation. However … firms, it also finds that asymmetric information limits the overall positive effect of bank competition on firm creation …. Indeed, bank competition is less favorable to the emergence of new firms in industrial sectors where informational …
Persistent link: https://www.econbiz.de/10014403643
due to bank funding shortages from the sovereign debt crisis were a major factor behind the lending slowdown in late 2011 …
Persistent link: https://www.econbiz.de/10014395271
We examine how the cost of corporate credit varies around fiscal consolidations aimed at reducing government debt. Using a new dataset on fiscal consolidations and syndicated corporate loan data, we find that loan spreads increase with fiscal consolidations, especially for small firms, domestic...
Persistent link: https://www.econbiz.de/10014395407
Sound corporate governance is essential for a well-functioning banking system and the integrity of financial markets. The paper discusses the corporate governance of Italian banks, its regulatory framework, and the specific challenges arising from the role played by foundations and large...
Persistent link: https://www.econbiz.de/10014411639
Persistent link: https://www.econbiz.de/10009486242