This paper analyses the performance of the international insurance industry during the financial crisis and examines the importance of insurance to systemic financial market stability, emphasizing the need for correct assessment of the characteristics of insurance companies, such as their...

This paper aims to conduct a first overview of the debate under way as regards the role of the authorities and the policy toolbox for management and resolution of banking crises. In particular, this paper reviews some paradigmatic cases where weaknesses of the national legal and regulatory...

In the EU, following the crisis, there have been a coordination of government support policy to banks and, in general, some flexibility in the application of rules governing state aid. In Italy the intervention has been implemented by some peculiarities. In fact, the Italian Economy and Finance...

The paper gives a thorough analysis of both the emergency State aid legislation to the banking sector recently enacted by the EC Commission and the bail out plans that some member States - namely UK, France, Spain, Germany and Italy - designed to rescue their ailing credit institutions. Scope of...

This paper, based on financial statement data from about 500 Italian banks in theperiod between 2006 and 2010, analyses the loans to customers development in Italy by bank size. The research focuses on its evolution over time and on the quality of creditexposures. The aim is to assess the...

This paper intends to show that the origin and development of the current crisis is entirely consistent with Hyman Minsky analysis. The substantial inadequacy of the regulatory framework in controlling the massive innovation processes involving the financial sector in the last twenty years is...

Immediately after the Lehman Brothers failure, the lack of confidence in the financial markets and the serious difficulties of several European cross border financial intermediaries, a large wave of public rescue and support measures in favour of European banks and financial institutions and...

La crisi finanziaria iniziata del 2007 ha determinato il più grave salvataggio della storia. Le banche, con l'unica eccezione di Lehman Brothers, hanno goduto di un autentico diritto a non fallire, che rischia di rendere permanente l'azzardo morale e di impedire che la disciplina di mercato...