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Author : Paulo Drummond
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (11 download)
Download or read book Italy - Assessing Competition and Efficiency in the Banking System written by Paulo Drummond and published by . This book was released on with total page 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 : 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 : 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 : 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 : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 145181982X
Total Pages : 82 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 2004-05-14 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews findings of the Detailed Assessment of Italy’s Compliance with the Basel Core Principles for Effective Banking Supervision. The Italian banking system seems to exhibit a high degree of resilience to possible macroeconomic shocks, as supported by the evolution of some financial soundness indicators and by the results of various model simulations. Despite significant improvements over the last few years, the quality of banks’ loan portfolios remains moderate. Cost-cutting and restructuring remain key challenges for Italian banks, with several conjunctural factors putting pressures on costs and income.
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 : 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 : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
ISBN 13 : 1484311515
Total Pages : 60 pages
Book Rating : 4.4/5 (843 download)
Download or read book Italy written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2013-09-27 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Financial System Stability Assessment report provides a review of .Italian financial system. The announcement of outright monetary transactions (OMT) and steps toward a banking union have blunted the impact of the sovereign debt crisis on banks, and the expansion of European Central Bank (ECB) liquidity facilities has temporarily shielded Italian banks from wholesale funding volatility. Stress tests suggest that the system as a whole is able to withstand both the already weak baseline macro outlook and the phase-in of Basel III requirements.
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 : Paolo Angelini
Publisher :
ISBN 13 :
Total Pages : 60 pages
Book Rating : 4.X/5 (6 download)
Download or read book Bank Competition and Regulatory Reform written by Paolo Angelini and published by . This book was released on 2000 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Stefano Cosma
Publisher : Springer
ISBN 13 : 1137291907
Total Pages : 238 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 238 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 : 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 : D. Siclari
Publisher : Springer
ISBN 13 : 113750756X
Total Pages : 223 pages
Book Rating : 4.1/5 (375 download)
Download or read book Italian Banking and Financial Law: Intermediaries and Markets written by D. Siclari and published by Springer. This book was released on 2016-01-12 with total page 223 pages. Available in PDF, EPUB and Kindle. Book excerpt: In today's increasingly global and integrated financial climate, there is an amplified need for cooperation between regulators and supervisors across the globe in order to promote economic growth and maintain competitive markets. However, idiosyncrasies remain within local markets, and for those wishing to participate within them, it is necessary to understand the distinctive qualities of each. This book explores the intermediaries of the Italian financial system. It examines the banks, investment services, electronic payment institutions, insurance companies and credit rating agencies functioning in the country, to explore how Italian regulation functions within the context of a wider harmonizing trend. The authors present a study on the current control models of the Italian markets in the wake of changes induced by the privatization of public banks, the increased size and complexity of the intermediaries, the increased level of competition, and the internationalization of the financial innovation. They explain how the country's financial markets are controlled by a combination of bodies, including the State, the authorities and the market participants themselves.
Author : Paulo Flavio Nacif Drummond
Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.:/5 (318 download)
Download or read book Italy written by Paulo Flavio Nacif Drummond and published by . This book was released on 2007 with total page 48 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 : Damiano Bruno Silipo
Publisher : Physica
ISBN 13 : 9783790821130
Total Pages : 243 pages
Book Rating : 4.8/5 (211 download)
Download or read book The Banks and the Italian Economy written by Damiano Bruno Silipo and published by Physica. This book was released on 2009-08-29 with total page 243 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 : OECD
Publisher : OECD Publishing
ISBN 13 : 9264033254
Total Pages : 144 pages
Book Rating : 4.2/5 (64 download)
Download or read book OECD Economic Surveys: Italy 2007 written by OECD and published by OECD Publishing. This book was released on 2007-06-04 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2007 edition of OECD's review of Italy's economy finds a welcome economic recovery under way. But medium-term prospects remain challenging: productivity shows little signs of resurgence, high public indebtedness threatens fiscal health.
