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Bank balance sheets and the transmission of financial shocks to borrowers: evidence from the 2007-2008 crisis

Patti, Emilia Bonaccorsi di; Sette, Enrico - Banca d'Italia - 2012

volume and cost of credit granted to business borrowers and to the probability of banks accepting loan applications from new … borrowers during the 2007-2008 financial crisis. The identification of the credit-supply effect is based on a difference …

Persistent link: https://www.econbiz.de/10009645790

Regaining Financial Stability: Taming Financial Markets Is a Must – a Focus on NMSs

Daniel, Dăianu - In: Revista OEconomica (2011) 01

There is a line of reasoning which argues that the main source of the current financial crisis is the cheap money of the past, which would have caused large global imbalances and another, that I share, is that something wrong has been occurring with overall financial intermediation. The...

Persistent link: https://www.econbiz.de/10010965566

Supply tightening or lack of demand? An analysis of credit developments during the Lehman Brothers and the sovereign debt crises

Giovane, Paolo Del; Nobili, Andrea; Signoretti, … - Banca d'Italia - 2013

We estimate a structural econometric model for the credit market in Italy, using bank-level information and the … crisis. The main results are the following. First, while in normal circumstances the functioning of the Italian credit market … is consistent with a standard imperfect-competition model, during phases of high tension there are credit …

Persistent link: https://www.econbiz.de/10011099728

Disentangling demand and supply in credit developments: a survey-based analysis for Italy

Giovane, Paolo Del; Eramo, Ginette; Nobili, Andrea - Banca d'Italia - 2010

quantities for the participating Italian banks to assess the role of supply and demand factors in credit developments, with a … credit risk. …

Persistent link: https://www.econbiz.de/10008560234

Sovereign Investment Funds and the International Competitiveness Through Outsourcing in Emerging Countries [Fondurile suverane de investiţii şi competitivitatea internaţională prin...

Doina, Drăniceanu - In: Revista OEconomica (2013) 03

At global economy level, changes occurred, consisting of transferring production abroad, due to the comparative advantages of moving production in China or in other developing countries, which converge in cost reduction at production level, and, implicitly, in price advantages. The arena of...

Persistent link: https://www.econbiz.de/10011150887

Reconfigurarea sistemului bancar, ca metodă de rezolvare a tragediei comunelor

Luciana, Mârşu - In: Revista OEconomica (2011) 02

The latter financial crisis has led in many occasions to a reconsideration of the present economic system. Before suggesting any reform, this paper intends to observe whether the root of the business cycles is indeed a tragedy of the commons in the present banking system, the aim being that...

Persistent link: https://www.econbiz.de/10010965565

Sfârşitul economiei iluziei. Miturile pieţei eficiente şi rolul statului în depăşirea crizei economice

Liviu, Voinea - In: Revista OEconomica (2010) 01

I state it from the beginning: I’m in favour of selective public intervention in the economy. Selective does not mean fundamentalism and neither ideology. Selective means pragmatic, where it is needed (a reaction approach) or where it might be (a preventive approach). This paper briefly...

Persistent link: https://www.econbiz.de/10008502862

Return to Common Sense Is Needed

Daniel, Dăianu - In: Revista OEconomica (2010) 01

I have written these words at a time of a deepening financial crisis which is ricocheting worldwide and causing tremendous anguish and tremors, a spreading economic downturn. It is also not a long while after the European Parliament passed a report which I worked out together with a Dutch...

Persistent link: https://www.econbiz.de/10008502868

Bank heterogeneity and interest rate setting: what lessons have we learned since Lehman Brothers?

Gambacorta, Leonardo; Mistrulli, Paolo Emilio - Banca d'Italia - 2011

credit market in an economy-wide crisis, when banks may find it difficult to perform the role of shock absorbers. We … focused chiefly on the amount of credit granted during the crisis, we look at its cost. The data on a large sample of loans …

Persistent link: https://www.econbiz.de/10009364552

The interbank market after the financial turmoil: squeezing liquidity in a "lemons market" or asking liquidity "on tap"

Socio, Antonio De - Banca d'Italia - 2011

¿½on tapï¿½ from central banks. This paper disentangles the two components of the three-month Euribor-Eonia swap spread, credit … and liquidity risk and then evaluates the decomposition. The main finding is that credit risk increased before the key … May 2009 and February 2010 was influenced mainly by credit risk, suggesting that European banks were still in a ï …

Persistent link: https://www.econbiz.de/10009320176