Few Large with Many Small : Banks Size Distribution and Cross-Border Financial Linkages

We estimate the effect of the distribution of banks by asset size on a country\u2019s propensity to engage in cross-border banking. Countries where the distribution of banks by asset size is more skewed to the right (with few large and many small banks) lend more abroad and are recipients of more funds from foreign banks. This is consistent with the fact that large banks, with easier access to the international financial markets, act as a hub for smaller banks and at the same time stand out as safer too-big-to fail counterparts for foreign partners

Banche e Fintech : Amici o Nemici?

Il capitolo esamina l\u2019impatto di FinTech sulle banche. L\u2019innovazione digitale offrir\ue0 nuove opportunit\ue0 alle imprese gi\ue0 presenti nel mercato? Trasformer\ue0 il modo in cui le banche creano valore e forniscono prodotti e servizi? Oppure le nuove tecnologie sovvertiranno l\u2019assetto del settore finanziario, marginalizzando il ruolo degli intermediari? Sicuramente, il FinTech faciliter\ue0 l\u2019accesso al mercato dei servizi finanziari di imprese diverse dalle banche, accrescendo il grado di concorrenza. Ma gli intermediari finanziari gi\ue0 presenti nel mercato potranno reagire e affrontare la crescente pressione competitiva con nuove strategie. Il capitolo descrive i possibili scenari evolutivi e le conseguenze per la regolamentazione dell\u2019intero settore finanziario

Three essays on endogenous growth in open economies

SIGLEAvailable from British Library Document Supply Centre-DSC:DXN034324 / BLDSC - British Library Document Supply CentreGBUnited Kingdo

Gli effetti della liberalizzazione valutaria sulle transazioni finanziarie dell'Italia con l'estero

Consiglio Nazionale delle Ricerche - Biblioteca Centrale -. P.le Aldo Moro, 7, Rome / CNR - Consiglio Nazionale delle RichercheSIGLEITItal

Rank–size distributions for banks: A cross-country analysis

Rank–size analysis is a powerful methodological instrument for describing the main features of a unified system by moving from an available sample of its disaggregated elements. We here study the rank–size relationship of banks’ total assets in a sample of 13 advanced economies. We show that a standard power-law function is unable to provide an adequate fit of the data, while a Discrete Generalized Beta Distribution provides a statistically satisfactory fit, being able to capture the behaviour of the distribution at low and high ranks. We then analyse the relationship between the parameters of the Discrete Generalized Beta Distribution estimated in each country and the main features of the country’s banking industry. Our results point to a connection with the degree of development of the banking sector and with some regulatory and institutional characteristics, but no relationship with riskiness

Research and development, regional spillovers, and the location of economic activities

Consiglio Nazionale delle Ricerche - Biblioteca Centrale - P.le Aldo Moro, 7, Rome / CNR - Consiglio Nazionale delle RichercheSIGLEITItal

The behaviour of the dollar and exchange rates in Europe: empirical evidence and possible explanations

Consiglio Nazionale delle Ricerche - Biblioteca Centrale - P.le Aldo Moro, 7, Rome / CNR - Consiglio Nazionale delle RichercheSIGLEITItal

Ingredients for The New Economy: How Much Does Finance Matter?

Both macro and (still scarce) micro evidence support the idea that a new economy has emerged in the US (hidden but not killed by the adverse cyclical phase), not (yet) in Europe. Some have argued that the inadequacies of Europe's financial system are an important part of the explanation. This paper, after surveying the existing literature on the new productive paradigm and on the related financial aspects, both in the US and in Europe (in Italy in particular), claims that financing the new economy has more to do with traditional firms investing in ICT than with the creation of new firms in ICT-producing sectors. Saying that finance is a major obstacle in Europe to the development of the new economy may be an overstatement, though countries, like Italy, where the average size of firms is small are probably facing specific difficultiesgrowth accounting, information and communication technologies, firm organization, human capital, financing policies