This paper examines the case for efficiency-driven banking sector consolidation in Italy, evaluates its potential …. A bottom-up analysis of 386 Italian banks suggests that while profitability is expected to improve as the economy … to be most as part of a comprehensive strategy that includes complementary reforms to clean up bank balance sheets. Cross …

of firms and their lending banks in one Italian region. To isolate the effect of the financial shock we construct a firm …

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 …

The paper assesses the degree of banking competition and efficiency in Italy?over time as well as compared to that in … the Italian banking sector has intensified in loan and deposit markets in recent years, but banks still operate in a … should act as a powerful force to drive banks to become more competitive and efficient. Competition policy will also continue …

. 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 cooperatives. Although Italian banks have recently made progress in … of foundations when they are the controlling shareholders in banks; and (iv) facilitating the transformation of large …

spreads and bond yields of Italian banks, and are transmitted rapidly to firm lending rates. Banks with lower capital ratios … due to bank funding shortages from the sovereign debt crisis were a major factor behind the lending slowdown in late 2011 …

government interventions in more than 800 banks across 27 countries between 2007 and 2017. For identification, we use a … multivariate matching method. We find that intervened banks experience a significant decline in market power with respect to … matched non-intervened banks. This effect is more pronounced for larger and longer interventions and is driven by a rise in …

We reconsider the design of welfare-optimal monetary policy when financing frictions impair the supply of bank credit …