We study how a demand shock in an export market propagates to the exporting country's banking system. Using the dual shocks of sanctions and falling oil prices suffered by Russia in 2014, we investigate the effects on Italian firms and banks more exposed to the Russian market. This event implied...

This paper presents new evidence on the last concluded wave (2007-2013) of the EU cohesion policy. We depart from the broadly used GDP-growth approach and evaluate the impact of EU Structural Funds (SFs) on a battery of regional well-being indicators including economic, educational, health, and...

In this paper, we present new evidence on the EU cohesion policy’s last concluded programming period (2007-2013). We depart from the broadly used GDP-growth approach and evaluate the multidimensional impact of EU Structural Funds (SFs) on a large battery of regional indicators including...