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When the highest bidder loses the auction: theory and evidence from public procurement

Decarolis, Francesco - Banca d'Italia - 2009

In this paper I study two methods often used in public procurement to deal with the risk that the winning bidder may default on his bid: augmenting the standard first price auction with an ex-post verification of the responsiveness of the bids and using an average bid auction. I show that when...

Persistent link: https://www.econbiz.de/10005029278

Incentives in universal banks

Albertazzi, Ugo - Banca d'Italia - 2006

This paper studies the provision of incentives in a universal bank. This is regarded as a (common) agent serving … on behalf of issuing firms. The clients offer incentive schemes to the bank and they behave non-cooperatively. The bank … decides a level of effort and, when firewalls are absent, a level of collusion, modelled as a costly and unproductive …

Persistent link: https://www.econbiz.de/10005770767

Mutual Guarantee Institutions (MGIs) and small business credit during the crisis

Mistrulli, Paolo Emilio; Vacca, Valerio; Corbisiero, Gennaro - Banca d'Italia - 2011

small and medium enterprises in accessing bank financing. The aim of this paper is twofold. First, we describe the …

Persistent link: https://www.econbiz.de/10009350681

Securitization is not that evil after all

Albertazzi, Ugo; Eramo, Ginette; Gambacorta, Leonardo; … - Banca d'Italia - 2011

Europe. Information on over a million mortgages consists of loan-level variables, characteristics of the originating bank and …

Persistent link: https://www.econbiz.de/10008867443

Bad Loans and Entry into Local Credit Markets

Bofondi, Marcello; Gobbi, Giorgio - Banca d'Italia - 2004

Is deregulation sufficient to grant free entry in local credit markets? Economic theory suggests at least two ways in which asymmetric information between incumbents and entrants can work as an endogenous barrier to entry. First, entrantsï¿½ pool of applicants contains a larger share of...

Persistent link: https://www.econbiz.de/10005113666

Italian mutual banks and the challenge of Basel III

Cannata, Francesco; Giorgio Dï¿½Acunto; Allegri, … - Banca d'Italia - 2013

banks are faced with the upcoming Basel III reform. Economic trends continue to exert pressure on the traditional bank …

Persistent link: https://www.econbiz.de/10011100363

Looking ahead to Basel 3: Italian banks on the move

Cannata, Francesco; Bevilacqua, Marco; Casellina, … - Banca d'Italia - 2013

In December 2010 the Basel Committee on Banking Supervision published a set of new regulations for banks in response to the financial crisis. This paper aims at evaluating the possible effects of the new framework on banksï¿½ available regulatory capital and risk-weighted assets and assessing...

Persistent link: https://www.econbiz.de/10011100377

Macroeconomic uncertainty and banks' lending decisions: The case of Italy

Quagliariello, Mario - Banca d'Italia - 2007

This paper discusses the role that macroeconomic uncertainty plays in banksï¿½ decisions on the optimal asset allocation. Using a portfolio model recently proposed in the literature, the paper aims at disentangling how Italian banks choose between loans and risk-free assets when uncertainty...

Persistent link: https://www.econbiz.de/10005609339

The effects of Basel 2 on Italian banks: results of the 5th quantitative simulation

Cannata, Francesco - Banca d'Italia - 2006

In 2007 the new framework for capital adequacy of banks (Basel 2), defined in 2004 by the Basel Committee for Banking Supervision, will replace the 1988 Accord (Basel 1) in all major countries. In the last years the Committee has carried out several impact studies in order to simulate the...

Persistent link: https://www.econbiz.de/10005113685

Innovation and growth in the Italian banking system : ABI, Italian Bankers' Association, Annual Meeting , Rome, 23 June 2000

Fazio, Antonio G. - 2000

Persistent link: https://www.econbiz.de/10001515216