Basel II Framework brings important changes, since life insurance and surety policy are “eligible” guarantees for Credit Risk Mitigation. Nevertheless, banks could offer a better pricing to borrowers not because they are less risky, but because the whole operation would need a lower capital...

The paper analyzes Information Technology (IT) governance disclosure on a sample of the major 20 EU banks (from Italy, Germany, France and Spain) to observe if, how and where banks report on their IT governance issues. Since IT governance (like other aspects of banking business) can be...

The financial crisis has affected all aspects of the global economy and has certainly exacerbated the social and economic conditions that young people are experiencing in many European countries. The lack of job opportunities and employment services, the temporary nature of work, the absence of...

The paper analyses the causes and the effects of the shock subprime and reflects on the interconnections that exist in the financial markets able to transform a single market shock in a systemic crisis

The aim of this paper is to highlight the changing role assumed by the insurance cover for the Consumer Credit and the benefits that may result from the use of specific models of "scoring" to check whether and which insurance policy should be associated with a specific technical form of consumer...

In this paper we examine the strategic role of insurance products in enterprise sector to help insuring firms' debt capacity to expand. In particular, the existing literature and empirical studies show that different factors may influence the decisions to purchase property insurance. We argue...

This work aims at investigating the existence of a “virtuous” relationship among corporate insurance purchases, credit risk and debt capacity. Such aim has been pursued through different steps: review of literature, to identify the reasons of corporate demand for insurance; analysis of Italian...

Default of a sovereign entity was usually considered an extremely rare event. Similarly, countries were not commonly supposed to go bankrupt and, therefore, government bonds are usually considered a good proxy of risk-free rates, notwithstanding the more or less recent cases of default and debt...