4 research outputs found
Il credito alla clientela in Italia e la recente crisi finanziaria: andamento, qualità e modello di intermediazione. Evidenze empiriche per dimensione di banca.
No full textQuesto lavoro, condotto sulla base dei dati di bilancio di circa 500 banche italiane nel periodo tra il 2006 e il 2010, analizza l’andamento del credito alla clientela per dimensione di banca. La ricerca focalizza l’attenzione sulla sua evoluzione nel tempo e sulla qualità delle esposizioni creditizie in portafoglio. L’obiettivo è di interpretare le politiche creditizie adottate dalle banche italiane nel corso della recente crisi finanziaria, riconducendo anche alla dimensione e alle caratteristiche del modello di intermediazione adottato le differenze riscontrate. L’analisi evidenzia come all’eterogeneità emersa nell’evoluzione del credito alla clientela e nel deterioramento della sua qualità corrispondano differenze significative nel modello di business in termini di orientamento all’attività di intermediazione creditizia raccolta-impieghi con la clientela
Credit development, quality deterioration and intermediation model: does bank size matter? Evidence from Italy during the 2007-2010 financial crisis.
No full textThis paper, based on financial statements data from about 500 Italian banks in the period between 2006 and 2010, analyses the loans to customers development in Italy by bank size. The research focuses on its evolution over time, on the loan portfolio composition by product breakdown, on the quality of credit exposures and on the main income effects. The aim is to assess the lending policies adopted by Italian banks during the recent financial crisis, by linking the resulting differences also to the bank size and to the characteristics of the intermediation model adopted. The analysis shows that to the heterogeneity emerged in the loans to customers development, in the deterioration of its quality and in the main income effects correspond significant differences in the business model in terms of orientation to the funding-lending credit intermediation activity with customers
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The impact of deregulation and re-regulation on bank efficiency: evidence from Asia
No full textFollowing the 1997 crisis, banking sector reforms in Asia have been characterised by the emphasis on prudential regulation, associated with increased financial liberalisation. Using a panel data set of commercial banks from eight major Asian economies over the period 2001-2010, this study explores how the coexistence of liberalisation and prudential regulation affects banks’ cost characteristics. Given the presence of heterogeneity of technologies across countries, we use a stochastic frontier approach followed by the estimation of a deterministic meta-frontier to provide ‘true’ estimates of bank cost efficiency measures. Our results show that the liberalization of bank interest rates and the increase in foreign banks' presence have had a positive and significant impact on technological progress and cost efficiency. On the other hand, we find that prudential regulation might adversely affect bank cost performance. When designing an optimal regulatory framework, policy makers should combine policies which aim to foster financial stability without hindering financial intermediation
