The Funding Strategies of Italian Banks: The Importance of Bonds

Fabrizio Crespi () and Danilo V. Mascia ()
Additional contact information
Fabrizio Crespi: University of Cagliari
Danilo V. Mascia: University of Cagliari

Chapter Chapter 2 in Bank Funding Strategies, 2018, pp 49-67 from Palgrave Macmillan

Abstract: Abstract The analysis of the funding strategies adopted by the Italian banks over the last ten years confirms the trends observed for the banks operating in the major European countries. Indeed, since late 2012 deposits have been steadily growing, the weight of bonds, compared to the liabilities, has sharply declined. We find that, after a peak of 11% reached in 2011, at the end of 2016 the share of households’ wealth invested in banks’ bonds was around 3.3% only. Furthermore, until 2007 banks were used to place the majority of their bonds to households. After a steady decline throughout the years, at the end of 2016 only 25% of bank bonds appeared to be in retail investors’ portfolios. Overall, this underscores the key role played by the banks in guiding households’ investments decisions.

Keywords: Funding strategies; Deposits; Bonds; Opacity; MiFID (search for similar items in EconPapers)
Date: 2018
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-3-319-69413-9_2

Ordering information: This item can be ordered from
http://www.palgrave.com/9783319694139

DOI: 10.1007/978-3-319-69413-9_2

Access Statistics for this chapter

More chapters in Palgrave Macmillan Studies in Banking and Financial Institutions from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().