The aim of this paper is to assess the role played by the composition of the household portfolio besides standard determinants of financial fragility (e.g. income, indebtedness, age, gender, financial literacy). Our analyses provide a contribution on these issues by taking the case of Italy,...

In this paper we investigate household financial fragility and assess the role played by the composition of the household portfolio besides standard determinants of this condition (e.g. income, indebtedness, age, gender, financial literacy). We take the case of Italy, given the very peculiar...

We provide an assessment of the IMF suggestion, based on Severo (2012), to use an index of systemic liquidity risk (SLRI) that could help to estimate a Pigouvian tax on large banks for the externality on the international banking system out of their risk exposure. To this end we compute a...