This paper studies what impact liquidity shocks have on liquid assets and domestic and cross-border lending. In particular, we look for differences across banks depending on their international exposure and we account for the effects of the sovereign debt crisis and the ECB's non-conventional...

The recent financial crisis has induced firms to turn increasingly to financing sources other than bank credit, and banks to boost their income from non-lending services. This paper provides some evidence concerning possibility and convenience for Italian banks to expand the supply of financial...

Ensuring and disseminating high-quality data is crucial for central banks to adequately support monetary analysis and the related decision-making process. In this paper we develop a machine learning process for identifying errors in banks’ supervisory reports on loans to the private sector...

This paper presents a comprehensive study of the ESG (Environmental, Social and Governance) bond market which has experienced a dramatic expansion in the last few years and is about to gain an additional boost due to the forthcoming implementation of the Next Generation plan of the European...

Nell'ultimo decennio, ma soprattutto nella recente crisi economica mondiale, il divario tra l'industria del Mezzogiorno e quella del Centro Nord si è ampliato: gli investimenti e l'occupazione industriale si sono ridotti in misura assai più intensa che al Centro Nord; il contributo delle...

In this paper we study a policy tool called technology districts, implemented in Italy over the last decade to foster local innovation activity. First, we examine the characteristics of technology districts and those of the firms within them. Next, we assess the performance of district firms. We...

In this paper, we study the structural change in the Centre-North and the South of Italy, focusing on its implications for productivity dynamics and its microeconomic determinants. We document three main results. First, between 2001 and 2018 the deindustrialization process involved both parts of...

Italian Abstract: Secondo i dati di commercio estero, il settore farmaceutico, in cui il nostro paese è fortemente specializzato, ha contribuito in misura determinante alla ripresa delle esportazioni italiane di beni dal 2010; nel 2019 si è registrato un aumento particolarmente pronunciato delle...