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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...
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that has been unified for over a century:Italy. Three datasets were involved in the study: the Survey of Household … Incomeand Wealth, conducted by the Bank of Italy; a dataset containing information atthe province level about registered firms …
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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...
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