This paper empirically investigates the relationship between interbank competition, bank orientation and credit availability for a sample of more than 30,000 loans granted by a large banking group operating in the Italian credit market. We test whether and how, during a credit crunch period,...

This paper examines the relationship between geopolitical risk and financial stress. I use a bivariate VAR to investigate the relationship between financial stress and geopolitical risk in a time span of 06 January 2000 - 03 March 2023 on daily data. I use GPR Index proposed by Caldara and...

This paper empirically investigates disclosure practices in the European insurance industry, over the 2005-2010 time period. First, it measures the quality of disclosure, through a set of readability indices, the quantity of disclosure, through the construction of a disclosure index based on the...

This paper examines the firms’ credit availability during the 2007–2009 financial crisis using a dataset of 5331 bank–firm relationships provided by borrowers’ credit folders of three Italian banks. It aims to test whether a strong lender–borrower relationship can produce less credit...

The global financial crisis and its effect on stock market volatility seems persuaded the market regulators how destabilising short-selling can be and how it contributes to undermine market's confidence. Following the decisions of other market regulators, the Italian securities exchange...