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The Role of Social Capital in Financial Development

Guiso, Luigi - 2000

capital and trust (Banfield (1958), Putnam (1993)) across different parts of Italy, using microeconomic data on households and …

Persistent link: https://www.econbiz.de/10012471212

Trusting the Stock Market

Guiso, Luigi - 2005

We provide a new explanation to the limited stock market participation puzzle. In deciding whether to buy stocks, investors factor in the risk of being cheated. The perception of this risk is a function not only of the objective characteristics of the stock, but also of the subjective...

Persistent link: https://www.econbiz.de/10012467028

The Demand for Money, Financial Innovation, and the Welfare Cost of Inflation : An Analysis with Household Data

Attanasio, Orazio - 1998

the bank, on the size of withdrawals and on the ownership and use of ATM cards. We model the adoption of new transaction … stock of cash held, we provide some evidence based on the number of trips to the bank and on the average withdrawals that …

Persistent link: https://www.econbiz.de/10012472217

The Cost of Banking Regulation

Guiso, Luigi - 2006

We use exogenous variation in the degree of restrictions to bank competition across Italian provinces to study both the … effects of bank regulation and the impact of deregulation. We find that where entry was more restricted the cost of credit was … increase in bad loans. In provinces where restrictions to bank competition were most severe, the proportion of bad loans after …

Persistent link: https://www.econbiz.de/10012466164

Monnet's Error?

Guiso, Luigi - 2015

-Europe sentiment as does the 2010 Eurozone crisis. Yet, in spite of the worst recession in recent history, the Europeans still support …

Persistent link: https://www.econbiz.de/10012457545

Matching Firms, Managers and Incentives

Bandiera, Oriana - 2011

We exploit a unique combination of administrative sources and survey data to study the match between firms and managers. The data includes manager characteristics, such as risk aversion and talent; firm characteristics, such as ownership; detailed measures of managerial practices relative to...

Persistent link: https://www.econbiz.de/10012461966

Credit within the firm

Pistaferri, Luigi - 2010

loans is larger for firms with more problematic access to bank credit and workers less likely to face credit constraints … bank lending. Consistent with credit market imperfections opening up trade opportunities within the firm, we find that the …

Persistent link: https://www.econbiz.de/10012462727

Social Capital as Good Culture

Guiso, Luigi - 2007

To explain the extremely long-term persistence (more than 500 years) of positive historical experiences of cooperation (Putnam 1993), we model the intergenerational transmission of priors about the trustworthiness of others. We show that this transmission tends to be biased toward excessively...

Persistent link: https://www.econbiz.de/10012464934

Does Local Financial Development Matter?

Guiso, Luigi - 2002

We study the effects of differences in local financial development within an integrated financial market. To do so, we construct a new indicator of financial development by estimating a regional effect on the probability that, ceteris paribus, a household is shut off from the credit market. By...

Persistent link: https://www.econbiz.de/10012469791

Dissaving by the Elderly, Transfer Motives and Liquidity Constraints

Ando, Albert - 1993

Two explanations have been proposed for the observed slowness of wealth decumulation by the elderly in the literature: the precautionary saving induced by (uninsurable) uncertainty about the time of death or by the possibility of major catastrophes in old age that require large outlays; the...

Persistent link: https://www.econbiz.de/10012474371