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This paper proposes an approach to search for structural breaks in the wake of EMU, in retail lending rates pass-through. The results of the econometric investigation for Italy and Portugal show that the pass-through on short-term lending is, in contrast with a widely held view, sizeably lower...
Persistent link: https://www.econbiz.de/10005398781
Italy is an ideal candidate for testing the credit view of the transmission mechanism because of a bank-centred financial structure, a sizeable trade debt, and an economy titled towards small firms. An empirical analysis of trade credit and debt on averaged panel data shows that small firms act...
Persistent link: https://www.econbiz.de/10005463151
We provide an empirical assessment of the suggestion, based on Severo (2012), to use a systemic liquidity risk index (SLRI) for estimating liquidity premia that could be charged on large banks as a compensation for the implicit liquidity support obtained from public authorities (Blancher <italic>et al.</italic>,...
Persistent link: https://www.econbiz.de/10011104262
A new approach is proposed for searching multiple unknown breaks, possibly associated with EMU, in the short term business lending rate pass-through. Multiple breaks are detected in five out of nine countries of the euro area. The last break occurs much before the start of EMU for France,...
Persistent link: https://www.econbiz.de/10011115548
The attention to business networks, therefore to the business relationships among companies, supply chain operators, manufacturers and consumers, aimed at commercial transactions, exchange of information, sharing of norms and associations of resources become an asset in the definition of modern...
Persistent link: https://www.econbiz.de/10010735834
La creazione di valore e stata oggetto di significativa attenzione nel dibattito economico- agrario, nazionale e internazionale, degli ultimi anni, portando allo sviluppo di nuovi approcci teorici che hanno permesso di reinterpretare i processi di riposizionamento funzionale dell’impresa...
Persistent link: https://www.econbiz.de/10010875910
In light of the problems that characterize the modern agri-business in the definition of competitive strategies, based on internal, tangible and intangible resources, it becomes necessary to pay attention to business networks, or inter-company relations aimed at commercial transactions, exchange...
Persistent link: https://www.econbiz.de/10010908953
In recent years a number of ongoing social, economical and institutional changes have progressively led, on the one hand, to the emergence of intricate competitive scenarios, and, on the other, to a more extensive role of the food industry in modern society. Two fundamental issues – the...
Persistent link: https://www.econbiz.de/10010914624