We investigate the financial crisis as a cut-off point in the evolution of financial systems in the European Union and in their convergence process. The crisis marked a turning point in the growth of banks and in the leveraging process of the economy. The evolution of financial systems in the...

This paper provides insights into the drivers of the resilience of the Fintech sector in Emerging Europe by analyzing the performance of 128 Bulgarian Fintech companies in the period 2000-2021. Our results show that larger and better capitalized Fintech companies which outsource their non-core...

Shadow banking, as one of the main sources of financial stability concerns, is the subject of much international debate. In broad terms, shadow banking refers to activities related to credit intermediation and liquidity and maturity transformation that take place outside the regulated banking...

This paper purports to identify the key evolutionary trends of financial supervisory architecture, as arising from the Great Financial Crisis (GFC) and the recent Covid-19 crisis. It builds on such analysis to discuss, from a comparative perspective, the chief advantages and drawbacks of the...

La versione italiana di questo documento è disponibile al seguente link: https://ssrn.com/abstract=3663335The present Report analyses the economic impact of the Covid-19 pandemic as of the first semester of 2020 both in the domestic and in the international framework. Some analysis are updated...

With the upcoming extended deadline for the Brexit, UK political leadership has a major decision to make; How would the London Financial Hub will operate after Brexit? Still being unable to finalise an Agreement with the EU and its member states, UK is being pressured internally for a no-deal...