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Bank consolidation, efficiency, and profitability in Italy
Weber, Anke - 2017
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
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Reforming the corporate governance of Italian banks
Jassaud, Nadège - 2014
Persistent link: https://www.econbiz.de/10010441888
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Banks, firms, and jobs
Berton, Fabio; Mocetti, Sauro; Presbitero, Andrea; … - 2017
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
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Bank Competition and Firm Creation
Dell'Ariccia, Giovanni - 2001
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
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Fiscal Consolidation and the Cost of Credit : Evidence from Syndicated Loans
Agca, Senay - 2013
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
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Italy : Assessing Competition and Efficiency in the Banking System
International Monetary Fund - 2007
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
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Reforming the Corporate Governance of Italian Banks
Jassaud, Nadège - 2014
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
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Italian Sovereign Spreads : Their Determinants and Pass-through to Bank Funding Costs and Lending Conditions
Zoli, Edda - 2013
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
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Strategic corporate layoffs
Agarwal, Ruchir; Kolev, Julian - 2016
Firms in the S and P 500 often announce layoffs within days of one another, despite the fact that the average S and P 500 constituent announces layoffs once every 5 years. By contrast, similarsized privately-held firms do not behave in this way. This paper provides empirical evidence that such...
Persistent link: https://www.econbiz.de/10011716337
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A Theory of ""Crying Wolf"" : The Economics of Money Laundering Enforcement
Takáts, Elöd - 2007
The paper shows how excessive reporting, called ""crying wolf"", can dilute the information value of reports. Excessive reporting is investigated by undertaking the first formal analysis of money laundering enforcement. Banks monitor transactions and report suspicious activity to government...
Persistent link: https://www.econbiz.de/10014400226