This paper analyses macroeconomic and financial determinants of bad loans applying a SVAR approach to investigate whether excessive loans granted during expansionary phases can explain the more than proportional increase in non-performing loans during contractionary periods. The results indicate...

In this paper the authors analyze how macroeconomic imbalances withinthe Eurozone, primarily the current account deficits of peripheral countries and the surpluses of central countries, have contributed to deteriorate the development perspectives of the former, thus compromising the financial...

This paper analyses macroeconomic and financial determinants of bad loans applying a SVAR approach to investigate whether excessive loans granted during expansionary phases can explain the more than proportional increase in non-performing loans during contractionary periods. The results indicate...

This paper analyses macroeconomic and financial determinants of bad loans applying a SVAR approach to investigate whether excessive loans granted during expansionary phases can explain the more than proportional increase in non-performing loans during contractionary periods. The results indicate...

The purpose of the paper is to highlight the perspectives of Italian banks whichmay be defined as «local», which have recently gained market shares in the depositand loan business. In the Author's opinion, in the new functional and institutionaldistribution of activities in the Italian...

Nowadays Corporate Governance is one of the most interesting and controversial matters of research and study. Undoubtedly, the economic developments of the last decade have made the need for detailed analysis about the processes of Governance and its impact on corporate choices even more...