Banks' activity is challenged by the macroeconomic, financial and regulatory environment emerging from the financial crisis. Slower economic growth, low interest rates, more stringent regulation on capital and liquidity, the need to decrease leverage for a number of banks, increased market...

This study develops a micro-founded model to analyse the economic-financial conditions of Italian households. Initially, an indicator is constructed for the base year 2014, which identifies vulnerable households based on the budget constraint and the composition of their financial portfolio....