A growing body of research focuses on banking organizational issues, emphasizing the culties encountered by hierarchically organized banks in lending to borrowers/projects with high intensity of soft information. However, as the two extreme cases of hierarchical and non-hierarchical...

Given the changes that occurred in the organization and specialization of Italian industrial districts and the changing geography of the banking system, in this paper is we aim at reassessing the bank-firm relationship in industrial districts. Using firm-level data on a sample of Italian SME, we...

One of the most lively debated effects of banking acquisitions is the change in lending and asset allocation of the target bank in favour of transactional activities, at the expense of small and informational opaque borrowers. These changes may be the result of two distinct restructuring...

This paper looks at the effects of International Monetary Fund (IMF) lending programs on banking crises in a large sample of developing countries, over the period 1970-2010. The endogeneity of the IMF intervention is addressed by adopting an instrumental variable strategy and a propensity score...

Our purpose is to reconsider Vicarelli's main contributions on the international financial crisis and its impact on the international distribution of income in the period from Fifties to Seventies of the last century. Vicarelli used a unifying approach that integrates four levels of analysis....

In questo lavoro vengono esaminati i principali problemi dell'universita' italiana nei suoi rapporti con l'industria. Dal punto di vista delle attivita' di ricerca, gran parte dei problemi che emergono derivano da due fondamentali caratteristiche dell'industria italiana: una bassa propensione...

Il lavoro si inserisce nella problematica dell'articolazione territoriale del sistema finanziario italiano, prendendo in esame i problemi di integrazione dei sistemi locali del credito operanti in regioni decentrate e diversamente sviluppate. A fronte di un quadro operativo in forte evoluzione,...

There is a broad consensus that the current, large US current-account deficits financed with foreign capital inflows at low interest rates cannot continue forever; there is much less consensus on when the system is likely to end and how badly it will end. The paper resurrects the basic...