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Evoluzione del sistema bancario e finanziamento dell' economia nel Mezzogiorno

Author

Listed:
  • Fabio Panetta

    (Banca d' Italia, Servizio Studi, Roma)

Abstract

In the 1990s the banks established in the Italian South have reduced their cost-income ratios and improved their ability to screen customers, increasing profitability. The spread between the loan rates in the South and North has narrowed substantially. Taking into account differences in the size and industry composition of firms in the two areas, the spread is currently equal to 0.90 percent. The growth of loans in the North has outpaced that in the South, but this divergence is merely a reflection of the greater proportion of new bad loans in relation to total lending in the South. Since the mid-1990s in the South the ratio of loans to local firms to funds raised locally has increased from 75 to 85%. The lower value of the ratio in the South reflects structural features of the Southern economy and the way in which loans are allocated geographically in financial statistics.

Suggested Citation

  • Fabio Panetta, 2003. "Evoluzione del sistema bancario e finanziamento dell' economia nel Mezzogiorno," Moneta e Credito, Economia civile, vol. 56(222), pages 127-160.
    • Handle: RePEc:psl:moneta:2003:21
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    File URL: http://ojs.uniroma1.it/index.php/monetaecredito/article/view/9807/9692
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    Citations

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    Cited by:

    1. Giuseppe Cinquegrana, 2014. "Effetti differenziali delle politiche monetarie sugli investimenti delle imprese industriali italiane: un?analisi con metodologia panel," RIVISTA DI ECONOMIA E STATISTICA DEL TERRITORIO, FrancoAngeli Editore, vol. 2014(3), pages 40-78.
    2. Alberto Zazzaro, 2006. "La scomparsa dei centri decisionali dal sistema bancario meridionale," Rivista di Politica Economica, SIPI Spa, vol. 96(2), pages 31-60, March-Apr.
    3. Francesco Aiello & Graziella Bonanno, 2013. "Profit and cost efficiency in the Italian banking industry (2006-2011)," Economics and Business Letters, Oviedo University Press, vol. 2(4), pages 190-205.
    4. Albertazzi, Ugo & Eramo, Ginette & Gambacorta, Leonardo & Salleo, Carmelo, 2015. "Asymmetric information in securitization: An empirical assessment," Journal of Monetary Economics, Elsevier, vol. 71(C), pages 33-49.
    5. Graziella Bonanno, 2014. "The Efficiency of the Italian Banking System over 2006-2011. An Application of the Stochastic Frontier Approach," Rivista italiana degli economisti, Società editrice il Mulino, issue 2, pages 277-306.
    6. Luca Colombo & Gilberto Turati, 2008. "The Role of the Local Business Environment in Banking Consolidation," DISCE - Quaderni dell'Istituto di Economia e Finanza ief0076, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
    7. Coccorese, Paolo, 2009. "Market power in local banking monopolies," Journal of Banking & Finance, Elsevier, vol. 33(7), pages 1196-1210, July.
    8. Bonanno, Graziella, 2012. "L’efficienza del sistema bancario italiano dal 2006 al 2010. Un’applicazione delle frontiere stocastiche [The Efficiency of Italian Banking System over 2006-2010. An Application of the Stochastic F," MPRA Paper 42831, University Library of Munich, Germany.
    9. Lorenzo Forni, 2004. "Centralization of wage bargaining and the unemployment rate: revisiting the hump-shape hypothesis," Temi di discussione (Economic working papers) 492, Bank of Italy, Economic Research and International Relations Area.
    10. Mario Sarcinelli, 2005. "Politica bancaria e sviluppo economico: rileggendo l'era menichelliana e quella attuale," Moneta e Credito, Economia civile, vol. 58(229), pages 3-28.
    11. Manuela Gallo & Valeria Vannoni, 2015. "Le determinanti dei tassi di interesse bancari nelle regioni italiane," SCIENZE REGIONALI, FrancoAngeli Editore, vol. 2015(1), pages 67-84.

    More about this item

    Keywords

    Bank; Banking; Financing; Firm; Firms;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)

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