Showing 1 - 10 of 20
We test whether and how the adoption of the euro, narrowly defined as the end of competitive devaluations, has affected … the euro has been accompanied by a reallocation of activity within rather than across sectors. Since its adoption … restructuring more since the adoption of the euro. Restructuring has entailed a shift of business focus from production to upstream …
Persistent link: https://www.econbiz.de/10005011988
¿½ memory for cinema prices with questionnaires distributed to moviegoers. The analysis concentrates on the memory of pre-euro … respondents recalled the correct price, and that the average prices recalled were much lower than the actual pre-euro prices and …
Persistent link: https://www.econbiz.de/10005770754
This study investigates inflation perceptions in both qualitative and quantitative terms and their relationship with factors likely to affect them. This has been done in a unified framework through a survey of a representative sample of Italian consumers carried out at the end of 2006. The...
Persistent link: https://www.econbiz.de/10005609345
The introduction of the euro notes and coins in the first two months of 2002 was followed by a lively debate on the … alleged inflationary effects of the new currency. In Italy, as in the rest of the euro area, survey-based measures signaled a … hypothesis that, after the introduction of the euro notes and coins, consumer prices underwent an increase not recorded by …
Persistent link: https://www.econbiz.de/10005609383
Following the introduction of euro banknotes and coins many Italians perceived a much sharper increase in the price …
Persistent link: https://www.econbiz.de/10005609402
We examine the effects of the government guarantee schemes for bank bonds adopted in the aftermath of the Lehman Brothers demise to help banks retain access to wholesale funding. We describe the evolution and the pattern of bond issuance across countries to assess the effect of the schemes. Then...
Persistent link: https://www.econbiz.de/10008626021
A substantial literature has investigated the role of relationship lending in shielding borrowers from idiosyncratic shocks. Much less is known about how lending relationships and bank-specific characteristics affect the functioning of the credit market in an economy-wide crisis, when banks may...
Persistent link: https://www.econbiz.de/10009364552
Using 11 years of monthly Italian bank-by-bank data, this paper correlates the bilateral amounts and the identity of each interbank borrower and lender with a long list of explanatory variables. The results show that interbank customer relationships, i.e. stable and strong relationships between...
Persistent link: https://www.econbiz.de/10009364553
After August 2007 the plumbing system that supplied banks with wholesale funding, the interbank market, failed because toxic assets obstructed the pipes. Banks were forced to squeeze liquidity in a �lemons market� or to ask for liquidity �on tap� from central banks. This...
Persistent link: https://www.econbiz.de/10009320176
We investigate whether the shape of relations between banks and firms has had a detectable effect in mitigating the credit contraction that followed Lehman's default in September 2008. Using micro data on a large sample of Italian firms, we analyze the relation between firms' debt concentration...
Persistent link: https://www.econbiz.de/10008677913