Ultime notizie

bank of italy

  • 30 maggio 2017
    The costs and benefits of «ExItaly»

    Commenti e Idee

    The costs and benefits of «ExItaly»

    Durand and Villemot (2016) examine the effects of Italy's possible exit from the euro (“ExItaly”). According to their estimates, the “new lira” would be revalued by 1% in comparison with the rest of the Eurozone due to the foreign trade surplus; they concluded that these consequences are nothing to

  • 12 marzo 2016
    Draghi's Push and Europe's Myopia

    English Version

    Draghi's Push and Europe's Myopia

    There has been a clear surge in the markets(in Italy, especially, and led by banks) after half a disappointment early on. Maybe the markets had a better read of the message sent by European Central Bank (ECB) President Mario Draghi, with its change of pace on March 10. This message had the same

  • 16 febbraio 2016
    The Finger and the Moon

    English Version

    The Finger and the Moon

    When pointing at the moon, fools, hypocrites and the ignorant look at the finger. This happened last October, when an irrelevant story became for some naive

  • 28 gennaio 2016
    Let's Aviod Market Distortions

    English Version

    Let's Aviod Market Distortions

    “Hurry up!” After the latest collapse of Italian banking stocks, a small shareholder burned by the losses sent via email an entreaty similar to one frome five

    A Period of Uncertainty Ends

    English Version

    A Period of Uncertainty Ends

    It will not be the philosopher’s stone that removes the burden of 200 billion euros of bad loans (net of 88.8 billion euros) that engulf Italian banks, but at

  • 21 gennaio 2016
    If Finance Hits the Economy

    English Version

    If Finance Hits the Economy

    The slowdown of the Chinese economy, the falling oil prices, the crisis of the emerging countries, geopolitical uncertainty and, in the Italian microcosm, a

  • 31 dicembre 2015
    The Obligation to Do, the Power of Truth

    English Version

    The Obligation to Do, the Power of Truth

    There’s only one thing that everyone is talking about that must be cleared off the table before the rumors become a reality. And should it become a reality, it

  • 15 dicembre 2015
    Parliamentary Investigation: Handle with Care

    English Version

    Parliamentary Investigation: Handle with Care

    On one issue, there seems to be total agreement among the government, the regulators, the parliamentary majority and the opposition: the need for a Parliamentary Commission analyzing “what happened in the Italian and European banking system over the past few years,” as Prime Minister Matteo Renzi

  • 12 dicembre 2015
    Europe’s Cross-eyedness on State Aid to Banks

    English Version

    Europe’s Cross-eyedness on State Aid to Banks

    Self-referential bureaucracies in Brussels on the one hand, governments and distracted national parliaments on the other. This is the toxic mix that can cause economic policy to short circuit, just like the case concerning the resolution regime for banks that is unfolding before our eyes. The

  • 11 dicembre 2015
    No Uproars: Those Who Did Wrong Should Be the Ones to Pay

    English Version

    No Uproars: Those Who Did Wrong Should Be the Ones to Pay

    The recent suicide of a Civitavecchia retiree has shaken public opinion and small savers. He lost everything on Popolare dell’Etruria’s subordinated bond—one of the four banks put under temporary commissionership by the Bank of Italy and bailed out by the government. Like him, thousands of small

  • 11 dicembre 2015
    The Risks Were Indicated in the Prospectus

    English Version

    The Risks Were Indicated in the Prospectus

    The EU commissioner for financial stability, Jonathan Hill, speaking yesterday about the retail investors who bought subordinated bonds from four Italian banks under resolution, said that “there are clear consequences for citizens who found themselves in a situation where banks were selling

  • 10 dicembre 2015
    EU Myopia and the Tones to Be Lowered

    English Version

    EU Myopia and the Tones to Be Lowered

    The head of financial supervision at the Bank of Italy reiterated it yesterday. In Italy, he said, the preventive function of the guarantee funds for depositors has been the pillar of the solution to bank crises since the banking law was approved in 1936.

  • 25 novembre 2015
    Piazza Affari Welcomes the Banking Rescue Plan

    English Version

    Piazza Affari Welcomes the Banking Rescue Plan

    The Milan stock exchange cheered the rescue plan for crisis-hit banks approved on Sunday by the government. Despite expectations of higher costs, related to the contributions to the resolution fund, Italian banks reported gains on the stock market. Further support to the safety net came from the

  • 10 novembre 2015
    Observatory on Italy

    English Version

    Observatory on Italy

    If ‘Sole’ is 150 years old, then I am 30. In fact, I am much older than that: what I mean is that I have been writing for ‘Il Sole 24 Ore’ for 30 years.

  • 06 novembre 2015
    The Renewed Boost and the Doubts to Dispel

    English Version

    The Renewed Boost and the Doubts to Dispel

    Italy may not be Ireland (a leader in Europe, with GDP up 6.0 percent in 2016, up 4.5 percent in 2016), but it is making progress, leaving the recession behind. Italy confirmed its eighth place among the manufacturing powers of the world thanks to, as a primary source of wealth and growth, an