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Author : Antonio Fazio
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (133 download)
Download or read book The Italian Banking System Competition, Efficiency, Growth written by Antonio Fazio and published by . This book was released on 1999 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Antonio Fazio
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (781 download)
Download or read book The Italian Banking System written by Antonio Fazio and published by . This book was released on 1999 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Damiano Bruno Silipo
Publisher : Springer Science & Business Media
ISBN 13 : 3790821128
Total Pages : 242 pages
Book Rating : 4.7/5 (98 download)
Download or read book The Banks and the Italian Economy written by Damiano Bruno Silipo and published by Springer Science & Business Media. This book was released on 2009-04-22 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: Damiano Bruno Silipo In the 1990s the Italian banking system underwent profound normative, institutional and structural changes. The Consolidated Law on Banking (1993) and that on Finance (1998) instituted the legal framework for a far-reaching overhaul of the Italian banking and ?nancial system: signi?cant relaxation of entry barriers, the liberalization of branching, the privatization of the Italian banks, and a massive process of mergers and acquisitions. Following the Bank of Italy’s liberalization of branching in 1990, in 10 years the number of bank branches increased by 70% in Italy, while in the rest of Europe it declined. Over the decade the average number of banks doing business in a province rose from 27 to 31, while a wave of mergers (324 operations) and acquisitions (137) revolutionized the Italian banking industry, reducing the overall number of Italian banks by 30%. To a signi?cant extent this concentration represented take-overs of troubled Southern banks by Central and Northern ones. As a result of these developments (plus a rise in banking productivity and a fall in costs), the spread between short-term lending and deposit rates fell from 7 percentage points in 1990 to 4 points in 1999. And despite an increase in concentration in a number of local credit markets, the interest-rate differential between the locally dominant and other banks generally narrowed.
Author : Antonio Fazio
Publisher :
ISBN 13 :
Total Pages : 14 pages
Book Rating : 4.:/5 (247 download)
Download or read book The Italian Banking System written by Antonio Fazio and published by . This book was released on 1999 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Anke Weber
Publisher : International Monetary Fund
ISBN 13 : 148430926X
Total Pages : 25 pages
Book Rating : 4.4/5 (843 download)
Download or read book Bank Consolidation, Efficiency, and Profitability in Italy written by Anke Weber and published by International Monetary Fund. This book was released on 2017-07-27 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the case for efficiency-driven banking sector consolidation in Italy, evaluates its potential effects on profitability, and discusses policy options to facilitate a consolidation process that is as effective as possible. A bottom-up analysis of 386 Italian banks suggests that while profitability is expected to improve as the economy gradually recovers, operational efficiency gains are nonetheless needed to restore large parts of the banking system to healthy profitability. Banking system consolidation can play a role in facilitating such efficiency gains, but its effectiveness is likely to be most as part of a comprehensive strategy that includes complementary reforms to clean up bank balance sheets. Cross-country experience indicates that efficiency gains are more likely to follow consolidations where careful viability analyses are conducted of the synergies and operational improvements that can be achieved.
Author : International Monetary Fund
Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 : 9781451865905
Total Pages : 0 pages
Book Rating : 4.8/5 (659 download)
Download or read book Italy—Assessing Competition and Efficiency in the Banking System written by International Monetary Fund and published by INTERNATIONAL MONETARY FUND. This book was released on 2007-02-01 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper assesses the degree of banking competition and efficiency in Italy?over time as well as compared to that in other countries, such as France, Germany, Spain, the United Kingdom, and the United States. The paper finds competition in the Italian banking sector has intensified in loan and deposit markets in recent years, but banks still operate in a highcost, high-income system, particularly with respect to retail/services, and efficiency gains have yet to fully materialize. The degree of competition falls within the range of estimates for a set of comparator countries. Greater contestability should act as a powerful force to drive banks to become more competitive and efficient. Competition policy will also continue to be an important consideration, both in enforcing Italy's antitrust laws and in ensuring that the procedures for dealing with weak banks and other merger and acquisition reviews focus on stability and competition objectives.
Author :
Publisher :
ISBN 13 :
Total Pages : 296 pages
Book Rating : 4.3/5 ( download)
Download or read book Italian Credit Structures written by and published by . This book was released on 1984 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1451819986
Total Pages : 111 pages
Book Rating : 4.4/5 (518 download)
Download or read book Italy written by International Monetary Fund and published by International Monetary Fund. This book was released on 2006-03-14 with total page 111 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses key findings of the Financial System Stability Assessment for Italy. The assessment reveals that Italy’s financial system is sound, and no major vulnerabilities that could cause systemic risks are identified. The deep restructuring of the banking sector in the 1990s has helped improve the efficiency and competition of the Italian banking industry. Most standard performance indicators are now broadly in line with those of other large European countries. Competition in the Italian banking sector has not yet been fully reflected in the pricing and quality of core services.
Author : P. Ciocca
Publisher : Springer
ISBN 13 : 0230005926
Total Pages : 260 pages
Book Rating : 4.2/5 (3 download)
Download or read book The Italian Financial System Remodelled written by P. Ciocca and published by Springer. This book was released on 2004-11-10 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book looks at the banking and finance industries in Italy and how these industries contribute to the Italian economy. Could these industries be the solution to the contradiction in which the country's economy has been caught for several years: it is better governed than it has been in the past, but is not growing as much as it could. The book looks at how this solution might be achieved and what factors will govern the contribution of the banking and finance industries.
Author : Luca Giordano
Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.:/5 (13 download)
Download or read book Competition Versus Efficiency written by Luca Giordano and published by . This book was released on 2016 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economists have long debated the relationships between market structure of banking sector and the profitability. General consensus asserts that more concentrated market is associated with higher profitability: banks with higher market share generally achieve higher profits. This empirical evidence can however hinge on two opposite explanations: in the first case banks increase their market share (via mergers and acquisitions) in order to exploit the resulting stronger market power and impose higher prices to their clients; the second explanation tells that more cost-efficient banks are able to lower the prices applied to their clients and therefore to gain new clients and finally enlarge their market share. In both cases there is a positive link between market share and profitability, but in the former what actually plays a crucial role is a non-competitive force (Relative Market Power Hypothesis, henceforth RMP), in the latter the relationship is driven by the greater efficiency of banks which enlarge their market share by reducing prices (X-Efficiency Hypothesis, ESX). We run a 4-years panel data analysis (2008-2011) in order to disentangle the above alternatives hypothesis (RMP versus ESX) for the Italian market. First we estimate the cost efficiency for a sample of more than 200 banks by applying the Stochastic Frontier Analysis (SFA). In the second step we regress bank spreads on efficiency scores and market structure variables in order to identify which process leads the price setting of Italian banks. Difference in the legal organization of bank (mutual, cooperative, and commercial banks) and type of business relationships established are controlled for.
Author :
Publisher :
ISBN 13 :
Total Pages : 290 pages
Book Rating : 4.3/5 (91 download)
Download or read book Review of Economic Conditions in Italy written by and published by . This book was released on 1994 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Stefano Cosma
Publisher : Springer
ISBN 13 : 1137291907
Total Pages : 384 pages
Book Rating : 4.1/5 (372 download)
Download or read book The Italian Banking System written by Stefano Cosma and published by Springer. This book was released on 2012-11-13 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why was the Italian Banking System more resilient during the sub-prime crisis and harder-hit in the sovereign crisis? Will their strength in the retail market result as an asset or a liability for Italian banks in the future? This book offers an in-depth analysis of one of the most important EU banking systems its attempts to weather the crisis.
Author : Dimitri Vittas
Publisher : World Bank Publications
ISBN 13 : 9610031544
Total Pages : 46 pages
Book Rating : 4.6/5 (1 download)
Download or read book Competition and Efficiency in Hungarian Banking written by Dimitri Vittas and published by World Bank Publications. This book was released on 1992 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: Considerable progress has been made in reforming the Hungarian banking system and strengthening its legal and regulatory framework. But Hungarian banking suffers from market segmentation and high nominal spreads, caused by high inflation, low leverage, and nonperforming loans.
Author : Andreas Jobst
Publisher : International Monetary Fund
ISBN 13 : 1475527519
Total Pages : 34 pages
Book Rating : 4.4/5 (755 download)
Download or read book Profitability and Balance Sheet Repair of Italian Banks written by Andreas Jobst and published by International Monetary Fund. This book was released on 2016-08-19 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: The profitability of Italian banks depends, among other factors, on the strength of the ongoing economic recovery, the stance of monetary policy, and the beneficial effects of current and past reforms, notably to address structural obstacles to resolving nonperforming loans (NPLs) and to foster banking sector consolidation. Improved profitability would enable banks to raise capital buffers and accelerate the cleanup of their balance sheets. This paper investigates quantitatively the current and prospective earnings capacity of Italian banks. A bottom-up analysis of the 15 largest Italian banks suggests that the system is on the whole profitable, but that there is significant heterogeneity across banks. Many banks should become more profitable as the economy recovers, but their capacity to lend depends on the size of their capital buffers. However, a number of smaller banks face profitability pressures, even under favorable assumptions. There is thus a need to push ahead decisively on cleaning up balance sheets, including through cost cutting and efficiency gains.
Author : Philip Molyneux
Publisher :
ISBN 13 :
Total Pages : 368 pages
Book Rating : 4.F/5 ( download)
Download or read book Efficiency in European Banking written by Philip Molyneux and published by . This book was released on 1996-09-27 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examines the current state of banking within Europe. It describes how banks are experiencing greater deregulation, allowing for stronger competition and a more restrictive regulation of supervision. This has led to corporate restructuring within the banking industry.
Author : John A. Goddard
Publisher : John Wiley & Sons
ISBN 13 :
Total Pages : 320 pages
Book Rating : 4.3/5 (91 download)
Download or read book European Banking written by John A. Goddard and published by John Wiley & Sons. This book was released on 2001-07-10 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: Table of contents
Author : Lorenzo Codogno
Publisher : Oxford University Press
ISBN 13 : 0192692216
Total Pages : 273 pages
Book Rating : 4.1/5 (926 download)
Download or read book Meritocracy, Growth, and Lessons from Italy's Economic Decline written by Lorenzo Codogno and published by Oxford University Press. This book was released on 2022-09-05 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book draws lessons on the importance of meritocracy for economic growth by analysing Italy's economic decline in the past few decades. Connections, rather than merit, are a long-standing feature of the Italian elites, even in the corporate sector. This became a significant problem when Italy's economy could no longer grow due to imitation, devaluation, and public debt, and faced the challenges of becoming a frontier knowledge-based open economy. This book uses international comparisons on social capital, governance, the role of the public sector, efficiency of the judiciary, education, gender and social inequality, social mobility, corporate standards, financial structures, and more to evaluate Italy's economic performance. It argues that the arrogance of mediocracy is more damaging than that of meritocracy. Italy experienced an economic miracle after the Second World War, and it is still an advanced economy and a member of the G7. Until the 1960s it seemed destined to catch up with the best-performing countries. Then the growth engine stopped, its debt skyrocketed, and Italy became a weaker member of the Eurozone. Many other countries in the world have heavy historical legacies and low social capital, and many others have to make the jump from imitation led growth to endogenous growth. The lessons drawn from studying Italy's case can therefore have important international applications.
