How to subscribe

Subscriber Login

N° 6 June 2014

N° 6 June 2014

Loan securitization and mini-bonds, new channels for Smes financing Giancarlo Forestieri G01, G32 The Italian financial system is still largely relying on bank loans to small and medium enterprises. In order to develop wider equity and bond markets, it ...

Profitability and leverage: the positioning of Italian firms in the European arena Lorenzo Caprio, Silvia Rigamonti G21, G32 The on-going asset-quality review process implemented by the European Central Bank may seriously affect the possibility of easing bank credit. This paper e...

An analysis on the difference ... Michele Leonardo Bianchi C10, G12, G14, G23 Index-linked bonds are structured products whose returns depend on performance of one or more financial indexes. They can be seen as the sum of a bond and ...

Italian households and mortgages affordability index Vincenzo Chiorazzo, Pierluigi Morelli D14, G21, G23 The affordability index of Italian households analyzes the factors influencing the households’ propensity to buy an house with a mortgage loan. In 2013, th...

Consumer over-indebtness, new procedures in Italian regulation Alfonso Castiello D’antonio G30, G33 The Italian legislation has introduced several significant changes to Italian Bankruptcy Law. The amendments relate to the composition with creditors proce...

Higher fiscal rates on financial revenues in Italy Enzo Mignarri G23, H25 After the 1st July 2014 the tax rate on financial income in Italy will be increased from 20% to 26%. The higher financial levy will also apply to interests...

Interconnectedness and systemic risk: hedge funds, banks, insurance companies Monica Billio, Loriana Pelizzon C51, G21, G29 The European financial market has an high degree of interconnectedness among hedge funds, banks, brokers and insurance companies, that can be used as an in...

The Active Integrated Regulatory Management model, a new tool for business risk efficiency Pasquale Nicastro G21, G28 The regulatory framework is deeply changing and the banking business model must necessarily be adapted to the new competitive environment. It is therefore ...

The new face of Bancaria Antonio Patuelli

Einaudi’s values as recalled by Menichella Antonio Patuelli