Narrow search
Showing 1 - 10 of 90
Cover Image
Households’ Indebtedness and Financial Fragility
Jappelli, Tullio; Pagano, Marco; Maggio, Marco di - Centro Studi di Economia e Finanza (CSEF) - 2008
analysis underscores the importance of institutional arrangements in determining the size and fragility of household credit …
Persistent link: https://www.econbiz.de/10005839203
Cover Image
Information Sharing and Credit: Firm-Level Evidence from Transition Countries
Brown, Martin; Jappelli, Tullio; Pagano, Marco - Schweizerische Nationalbank (SNB) - 2007
We investigate whether information sharing among banks has affected credit market performance in the transition … information sharing is associated with improved availability and lower cost of credit to firms. This correlation is stronger for … environments. In cross-sectional estimates, we control for variation in country-level aggregate variables that may affect credit …
Persistent link: https://www.econbiz.de/10008925061
Cover Image
Lessons from the European financial crisis
Pagano, Marco - Center for Financial Studies - 2014
This paper distils three lessons for bank regulation from the experience of the 2009-12 euro-area financial crisis. First, it highlights the key role that sovereign debt exposures of banks have played in the feedback loop between bank and fiscal distress, and inquires how the regulation of...
Persistent link: https://www.econbiz.de/10010961638
Cover Image
Dealing with financial crises: How much help from research?
Pagano, Marco - Center for Financial Studies - 2014
Has economic research been helpful in dealing with the financial crises of the early 2000s? On the whole, the answer is negative, although there are bright spots. Economists have largely failed to predict both crises, largely because most of them were not analytically equipped to understand...
Persistent link: https://www.econbiz.de/10010958553
Cover Image
Information sharing and credit: Firm-level evidence from transition countries
Brown, Martin; Jappelli, Tullio; Pagano, Marco - Center for Financial Studies - 2008
We investigate whether information sharing among banks has affected credit market performance in the transition … information sharing is associated with improved availability and lower cost of credit to firms. This correlation is stronger for … environments. In cross-sectional estimates, we control for variation in country-level aggregate variables that may affect credit …
Persistent link: https://www.econbiz.de/10010958815
Cover Image
Dealing with Financial Crises: How Much Help from Research?
Pagano, Marco - Centro Studi di Economia e Finanza (CSEF) - 2014
Has economic research been helpful in dealing with the financial crises of the early 2000s? On the whole, the answer is negative, although there are bright spots. Economists have largely failed to predict both crises, largely because most of them were not analytically equipped to understand...
Persistent link: https://www.econbiz.de/10010885020
Cover Image
Lessons from the European Financial Crisis
Pagano, Marco - Centro Studi di Economia e Finanza (CSEF) - 2014
This paper distils three lessons for bank regulation from the experience of the 2009-12 euro-area financial crisis. First, it highlights the key role that sovereign debt exposures of banks have played in the feedback loop between bank and fiscal distress, and inquires how the regulation of...
Persistent link: https://www.econbiz.de/10010885021
Cover Image
Information Sharing and Credit: Firm-Level Evidence from Transition Countries
Brown, Martin; Jappelli, Tullio; Pagano, Marco - 2008
We investigate whether information sharing among banks has affected credit market performance in the transition … information sharing is associatedwith improved availability and lower cost of credit to firms. This correlation is stronger for … environments. In cross-sectional estimates, we control for variation in country-level aggregate variables that may affect credit …
Persistent link: https://www.econbiz.de/10010301435
Cover Image
Information sharing and credit: Firm-level evidence from transition countries
Brown, Martin; Jappelli, Tullio; Pagano, Marco - 2008
We investigate whether information sharing among banks has affected credit market performance in the transition … information sharing is associated with improved availability and lower cost of credit to firms. This correlation is stronger for … environments. In cross-sectional estimates, we control for variation in country-level aggregate variables that may affect credit …
Persistent link: https://www.econbiz.de/10010303674
Cover Image
Finance: Economic Lifeblood or Toxin?
Pagano, Marco - Centro Studi di Economia e Finanza (CSEF) - 2012
In the past two decades, academic research has produced massive evidence of the beneficial role of financial development for growth and the allocation of investment. Our current vision, however, is dominated by instances of dysfunctional behavior of financial markets associated with acute and...
Persistent link: https://www.econbiz.de/10011082496