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N° 9 September 2016

N° 9 September 2016

Carlo Azeglio Ciampi and Bancaria Carlo Azeglio Ciampi

The impact of monetary and fiscal policy on the Italian economy and banking industry Alessandra Amici, Vincenzo Chiorazzo, Vincenzo D’apice, Pierluigi Morelli G21, G28 In this study we use two macro-econometric models to estimate the impact of Euro Area monetary and fiscal policies both on the real economy and on the Ital...

Financial investments of Italian households. Behavioural attitudes and approaches Monica Gentile, Nadia Linciano, Paola Soccorso D14, I21, I22 The Consob Report 2016 on financial investments of Italian households highlights the need to improve the decisionmaking process of investors acting on diff...

Do Italian banks have a competitive disadvantage in lending? Giovanni Ferri, Zeno Rotondi G21, G28, G32 We hypothesize that, with respect to banks from other European countries, Italian banks suffer a competitive disadvantage in business lending.

Green Bonds: new engagement for credibility in environmental finance Aldo M. Romani G15, G18, G23, G28 The European Investment Bank pioneered the Green Bonds market in 2007 by issuing the first bond with a transparent allocation of proceeds to climate action...

Italian inheritance legislation for financial assets: tax treatment and the role of banks and insurance companies Enzo Mignarri G20, G23, K34 The tax treatment of financial instruments regulated by the Italian inheritance legislation involves banks and insurance companies, which have a significan...

Risk culture, regulation and strategy: the new challenge for Internal audit in banks Fabio Arnaboldi, Caterina Vasciaveo G32, G34 The assessment of the Risk culture by the Internal Audit function will certainly be a test case, especially considering the increasing competitive and macr...

Risk Management and Accounting functions: a joint responsibility in loan valuation Bruno Picca G21, G28, G32 The increasingly significant role of credit risk and related regulatory changes has stressed the importance of financial assets’ classification in the bala...