Showing 31 - 40 of 41
This paper shows how credit quality transition matrices of loans to Italian firms changed during a cyclical downturn (2008-09), compared with a previous time of growth (2006-07). Once transition matrices were linked to interest rates, banks appear to have been remarkably able at calibrating...
Persistent link: https://www.econbiz.de/10013092136
Using a unique data set, this paper describes the main features of the venture capital industry in Italy. Operations by Italian specialised venture capitalists are only in part devoted to small, young firms from advanced industries, have a rather short duration and are weakly focused on a few...
Persistent link: https://www.econbiz.de/10013056557
The recent economic and financial crisis has drawn attention to how mutual guarantee institutions (MGIs) facilitate small and medium enterprises in accessing bank financing. The aim of this paper is twofold. First, we describe the structural features of the Italian market for mutual guarantees...
Persistent link: https://www.econbiz.de/10013111256
Persistent link: https://www.econbiz.de/10011821365
The crisis management framework for banks in the European Union (EU) requires the resolution authorities to identify the existence of a public interest to resolve an ailing bank, rather than to open normal insolvency proceedings (NIPs). The Public Interest Assessment (PIA) determines whether...
Persistent link: https://www.econbiz.de/10012550336
We analyse a change in the degree of transparency of MTS, the electronic inter-dealer market for Italian Treasury bonds, namely the July 1997 move to the anonymity of quotes. Our evidence supports the hypothesis that a decrease in transparency makes liquidity traders worse-off, whereas...
Persistent link: https://www.econbiz.de/10012786805
This paper introduces a framework to jointly account for the affordability of the periodic repayment of the housing debt (income constraint) and of the initial deposit (budget constraint). An application to 2006-2012 micro-data on Italian households indicates that the improvement in the ability...
Persistent link: https://www.econbiz.de/10012994331
Italian Abstract: Questo studio illustra i risultati di un'indagine sull'efficacia delle procedure di recupero dei crediti alle imprese condotta dalla Banca d'Italia nel 2015 presso i maggiori gruppi bancari. Il tasso di recupero delle liquidazioni nel periodo 2011-14 è stato leggermente...
Persistent link: https://www.econbiz.de/10012994486
This paper uses ECB survey data to assess whether gender matters in the small firms' financial structure and access to credit. Firms owned or managed by women (female firms) use smaller amounts and less heterogeneous sources of external finance than their male counterparts. According to...
Persistent link: https://www.econbiz.de/10013078679
This paper depicts – from a variety of viewpoints – the degree of indebtedness and potential financial vulnerabilities of households across the Italian regions. Micro-data from several sources suggest that the financial situation of Italian households shows striking differences at...
Persistent link: https://www.econbiz.de/10013080191