Bofondi, Marcello; Carpinelli, Luisa; Sette, Enrico - Banca d'Italia - 2013
exploit the lower impact of sovereign risk on foreign banks operating in Italy than on domestic banks. We study firms …We study the effect of the increase in Italian sovereign debt risk on credit supply on a sample of 670,000 bank … sovereign debt crisis. We test robustness by splitting foreign banks into branches and subsidiaries, and then examine whether …