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We investigate the determinants of Italian house prices and residential investments in a structural model with possible disequilibria in the market for lending to both households and firms in the building sector. Based on a structural approach that takes into account the multi-fold relationships...
Persistent link: https://www.econbiz.de/10012963387
pressures. Lending conditions also have a significant impact, especially through their effects on mortgage loans, and …
Persistent link: https://www.econbiz.de/10013036215
European periphery. This essay will focus on two countries, which were affected particularly severely: Spain and Italy. In … Spain, the global financial crisis was worsened by the burst of the housing bubble, which had inflated the cost of housing … "bust" - , whereas Spain is still recovering from it. This paper attempts to analyze the reason for this discrepancy. …
Persistent link: https://www.econbiz.de/10011436966
Shadow banking is the creation or transfer – by banks and non-bank intermediaries – of bank-like risks outside the banking system. In Italy the shadow banking system is fully regulated, mostly following the principle of same business-same rules or ‘bank-equivalent regulation'. After an...
Persistent link: https://www.econbiz.de/10012958376
We provide an analytical framework for assessing financial stability risks arising from the real estate sector in Italy. This framework consists of two blocks: three complementary early warning models (EWMs) and a broad set of indicators related to the real estate market, to credit and to...
Persistent link: https://www.econbiz.de/10012993374
This note shows that the Italian Mini BOTs proposed in 2019 bore the potential neither to become Italian legal tender nor to practically increase Italian government debt, but to practically cause a mere reduction in taxation and thence in government spending or transfers. Since the Eurozone...
Persistent link: https://www.econbiz.de/10015076228
This paper investigates the ex-ante determinants of bank loan securitization by using different econometric methods on Italian individual bank data from 2000 to 2006. Our results show that bank loan securitization is a composite decision. Banks that are less capitalized, less profitable, less...
Persistent link: https://www.econbiz.de/10014195403
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