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Remittances and Vulnerability in Developing Countries
Bettin, Giulia; Presbitero, Andrea; Spatafora, Nicola - International Monetary Fund (IMF) - 2014
This paper examines how international remittances are affected by structural characteristics, macroeconomic conditions, and adverse shocks in both source and recipient economies. We exploit a novel, rich panel data set, covering bilateral remittances from 103 Italian provinces to 107 developing...
Persistent link: https://www.econbiz.de/10011142103
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Assessing the Macroeconomic Impact of Structural Reforms The Case of Italy
Lusinyan, Lusine; Muir, Dirk - International Monetary Fund (IMF) - 2013
Wide-ranging structural reforms are underway in Italy, aimed at addressing key bottlenecks in the product and labor …
Persistent link: https://www.econbiz.de/10011142132
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European Productivity, Innovation and Competitiveness: The Case of Italy
Tiffin, Andrew - International Monetary Fund (IMF) - 2014
In Italy, price-based competitiveness measures are not always an accurate predictor of trade outcomes. This paper … Italy’s export market share. Overall, Italy maintains a high-quality export mix, and the adaptability of small …
Persistent link: https://www.econbiz.de/10011142167
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Transmission of Financial Stress in Europe: The Pivotal Role of Italy and Spain, but not Greece
González-Hermosillo, Brenda; Johnson, Christian A - International Monetary Fund (IMF) - 2014
Germany, Greece, Ireland, Italy, Spain and Portugal. The stability of Germany is a close proxy for the resilience of the euro … during 2009–12 were due to idiosyncratic factors, market developments in Italy and Spain contributed significantly, likely …€™s sovereign CDS despite initial widespread concerns about such linkages. Spain and Italy show a notable co-dependence in …
Persistent link: https://www.econbiz.de/10011142190
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Reforming Tax Expenditures in Italy: What, Why, and How?
Tyson, Justin - International Monetary Fund (IMF) - 2014
efficiency, equity, and administrative and compliance costs. This paper analyzes tax expenditures in Italy, considering the …
Persistent link: https://www.econbiz.de/10011123882
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Italian Sovereign Spreads; Their Determinants and Pass-through to Bank Funding Costs and Lending Conditions
Zoli, Edda - International Monetary Fund (IMF) - 2013
Volatility in Italian sovereign spreads has increased since mid-2011. This paper finds that news on the euro area debt crisis and country specific events were important drivers of sovereign spreads. Movements in sovereign spreads affect CDS spreads and bond yields of Italian banks, and are...
Persistent link: https://www.econbiz.de/10011242184
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A Global Projection Model for Euro Area Large Economies
Jakab, Zoltan; Lukyantsau, Pavel; Wang, Shengzu - International Monetary Fund (IMF) - 2015
The GPM project is designed to improve the toolkit for studying both own-country and cross-country linkages. This paper creates a special version of GPM that includes the four largest Euro Area (EA) countries. The EA countries are more vulnerable to domestic and external demand shocks because...
Persistent link: https://www.econbiz.de/10011242224
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A Strategy for Developing a Market for Nonperforming Loans in Italy
Jassaud, Nadège; Kang, Kenneth - International Monetary Fund (IMF) - 2015
Addressing the buildup of nonperforming loans (NPLs) in Italy since the global financial crisis will remain a challenge … impediments to NPL resolution in Italy and a strategy for fostering a market for restructuring distressed assets that could …
Persistent link: https://www.econbiz.de/10011242359
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Reforming Capital Taxation in Italy
Eyraud, Luc - International Monetary Fund (IMF) - 2014
This paper reviews capital taxation issues in Italy based on a comprehensive definition encompassing taxes on income …
Persistent link: https://www.econbiz.de/10010790236
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Judicial System Reform in Italy - A Key to Growth
Esposito, Gianluca; Lanau, Sergi; Pompe, Sebastiaan - International Monetary Fund (IMF) - 2014
The inefficiency of the Italian judicial system has contributed to reduced investments, slow growth and a difficult business environment. The enforcement of civil and commercial claims suffers from excessive delays in court proceedings, resulting in a very large number of pending cases. The...
Persistent link: https://www.econbiz.de/10010790243