The Italian banking system underwent major transformations during the 1990s. This book seeks to depict the effects of those changes on the Italian economy.First, using credit rationing as an indicator of financial development, the book explores to what extent financial development serves as an incentive for an individual to start his or her own business, favors the entry of new firms, increases competition, and promotes growth in the Italian regions. Second, thebook analyzes whether the consolidation process in the Italian banking industry and local differences in banking competition impact the amount of bank debtused by Italian small and medium-sized manufacturing firms. Another way to explore the effects of the banking system on the economy is to estimate the implications of local banking development for firms and sectors that are more dependent on external finance, especially small firms and firms in high-tech sectors. INDICE: On the Determinants of Credit Rationing.- Does Local Financial Development Matter?- Corporate Financial Policy and Local Financial Development.-The Geography of Banking Power: The Role of Functional Distance.- Local Bank Competition and Firms' Default Probability.- When Banks Meet.- Basel II and the Financing of R&D Investments.- Basel II and Banking Behaviour in Local Markets.- Consolidation, Ownership Structure and Efficiency in the Italian Banking System.- Measuring Efficiency of Banking System in a Dualistic Economy: DoBank Size and Juridical Structure Matter? Evidence From the Italian Case.
- ISBN: 978-3-7908-2111-6
- Editorial: Physica
- Encuadernacion: Cartoné
- Páginas: 280
- Fecha Publicación: 01/02/2009
- Nº Volúmenes: 1
- Idioma: Inglés