IDEAS home Printed from https://ideas.repec.org/h/spr/conchp/978-3-319-17413-6_10.html
   My bibliography  Save this book chapter

Bottlenecks of the Financial System at the National and Regional Levels: The Cases of Italy and Sardinia

In: Financial Crisis, Bank Behaviour and Credit Crunch

Author

Listed:
  • Roberto Malavasi

    (University of Cagliari)

Abstract

Analyses of the financial structure of Italian firms agree on the evidence that compared with other European countries, companies are characterised by a peculiar fragility because of their lower capitalisation and higher leverage. These effects, in terms of the current and potential financial vulnerability, are well known. During crises, the problems related to internal financing capacity and bank debt funding intensify. What are the best solutions to rebalance the financial structure of Italian firms? How should banks refinance firms to provide them with the necessary period to settle finances? This paper provides the reader with some answers to both questions. With regards to the capitalisation processes, we recommend setting up new highly capitalised intermediaries. In particular, they should be created with capital that comes from selling those bank buildings that are no longer useful, given the increasing importance of online services. Later, we analyse the opportunity for and, thus, the effects of banks to securitise their loans. For both alternatives, we obtain relevant findings that can represent suitable solutions for firms and intermediaries to overcome the credit crunch issue.

Suggested Citation

  • Roberto Malavasi, 2016. "Bottlenecks of the Financial System at the National and Regional Levels: The Cases of Italy and Sardinia," Contributions to Economics, in: Stefania P.S. Rossi & Roberto Malavasi (ed.), Financial Crisis, Bank Behaviour and Credit Crunch, edition 1, pages 141-156, Springer.
    • Handle: RePEc:spr:conchp:978-3-319-17413-6_10
    DOI: 10.1007/978-3-319-17413-6_10
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:conchp:978-3-319-17413-6_10. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.