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N° 12 December 2015

N° 12 December 2015

The road towards Capital Markets Union Giovanni Sabatini F36, G21, G28, G30 Stronger capital markets would provide new sources of funding for businesses, help to increase options for savers and make the economy more resilient ...

Financial disclosure, risk perception and investment choices Monica Gentile, Nadia Linciano, Caterina Lucarelli, Paola Soccorso D18, D81 Evidences from a consumer testing exercise applied to a sample of about 300 customers of eight italian banks show that risk perception is context-dependent...

Modeling stakeholders’ behavior in alternative banks: is size a limit to specialness? Laura Viganò, Davide Castellani G21 A common belief is that the specialness of alternative banks pertains to their ethical orientation, i.e., the values they state to follow in shaping object...

Interaction and coherence among different prudential measures Giacomo Manzelli, Francesco Piersante, Emiliano Sabatini G21, G28 The ample and relevant process of banking and financial regulation review has not yet come to an end. Some measures have already been implemented, others a...

New Italian rules on interest deductibility by industrial and commercial companies Enzo Mignarri H29, H32 The rules on interest deductibility by industrial and commercial companies have been recently modified by the Italian Decree 147/2015, that eliminates some...

Language, law and economics Antonio Patuelli

A great national tradition: the Italian language and bankers Claudio Marazzini