Italian Banks: A System under Stress

Alessandro Penati

Banca Impresa Società, 2013, issue 2, 247-262

Abstract: Five reasons appear to be at the root of the Italian banks malaise. 1) A fall inbanks' shares valuation multiples; 2) the cost of the distribution network; 3) the massiveinvestments in Government bonds, thus reinforcing the link with the sovereigndebt crisis; 4) the reliance on ECB funding; and 5) the excessive share of corporateliabilities intermediated.

Keywords: Italian banks; debt crisis. (search for similar items in EconPapers)
Date: 2013
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