In questo lavoro si oltre un contributo metodologico all'analisi empirica dei rapporti tra sistema bancario e crescita economica, proponendo una nuova proxy per lo sviluppo del sistema bancario che consente di catturare la funzione allocativa delle banche e di superare in parte il problema della...

We estimate a remittance model in which we address endogeneity and reverse causality relationships between remittances, pre-transfer income and consumption. In order to take into account the fact that a large share of individuals do not remit, instrumental variable variants of the double-hurdle...

In this paper we use new statistics on FDI in transitional economies (TEs) to analyze the issue of foreign ownership in the banking sector, examining the implications for the host banking sector. After considering the potential benefits and risks associated with foreign investment in the banking...