Abstract Building upon a Behavioural Equilibrium Exchange Rate model, estimated at a
quarterly frequency since 1999 on a broad sample of 57 countries, this paper assesses both …

This study examines the effects of the global financial crisis (GFC) on interbank market
connectivity using network analysis. More specifically, using data on Italian banks' bilateral …

Outstanding payments in commercial transactions, if delayed beyond the agreed period of
time, can engender a range of negative externalities and expose firms to severe liquidity …

Does regional income inequality affect a household's likelihood of being indebted? This
question is addressed by using survey data on Italian households. The analysis shows that …

This study investigates how financial development affects capital allocation across industries
in a panel of countries at different stages of development (China, India, Mexico, Korea …

Tony Atkinson is universally celebrated for his outstanding contributions to the measurement
and analysis of inequality, but he never saw the study of inequality as a separate branch of …

Measures of corporate credit risk incorporate compensation for unpredictable future
changes in the credit environment and compensation for expected default losses. Since the …

Payment systems track economic transactions and therefore could be considered important
indicators of economic activity. This paper describes the available monthly data on the retail …

At the beginning of the recent financial crisis, sponsoring banks rescued their structured
investment vehicles (SIVs) despite having no contractual obligation to do so. I show that this …

We investigate the determinants of Italian house prices and residential investments in a
structural model with possible disequilibria in the market for lending to both households and …