Risk sharing and the banking channel: an empirical note about regional interest rates in Italy

Brighi, Paola ; Scorcu , Antonello (2008) Risk sharing and the banking channel: an empirical note about regional interest rates in Italy. Rimini: Diapason, p. 23. DOI 10.6092/unibo/amsacta/2592. In: Note e ricerche
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Abstract: In the last decade, Italy has experienced a convergence of regional nominal interest rates on current accounts and short-term credit, whereas the convergence of real rates has been much weaker. In a risk-sharing perspective, however, these outcomes allow for a high degree of neutralization of idiosyncratic shocks on regional consumption.

Document type
Monograph (Working Paper)
Brighi, Paola
Scorcu , Antonello
Risk sharing, Banking market segmentation, Interest rates evolution
Deposit date
22 Jul 2009
Last modified
16 May 2011 12:10

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