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...

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

It is known that micro and small enterprises (often unbankable) have usually difficulties in the access to the financial system; in order to facilitate their credit access in many countries different kind of mutual guarantee schemes and institutions generally grant different typologies of...

The Chapter is dedicated to the analysis of the main operational features of the guarantee funds in a number of microcredit programmes. This chapter, which relates to our investigation area dedicated Microcredit guarantee funds, as underlined before is meant to whereas microcredit programmes...

The Chapter provide a mapping of the different microcredit/microfinance institutions in each country. In fact, according to the logic scheme used in this research, the investigation area dedicated Mapping Microcredit/ Microfinance institutions/ operators aims to provide mapping of the number,...

On the first of January 2016 the European bank recovery and resolution directive (BRRD) started to enter into force. Before the BRRD, governments often performed "bail-out" of distressed banks. Instead after the BRRD, the Single Resolution Fund and governments intervene only after the...

The complexity of the financial system leads to considerna series of concepts that the official doctrine has relegated out of dale official borders of scientific thought in terms of systemic organization: autopoiesis, communication, reciprocal causality. They allow us to approach the the...