Italy : Technical Note on the Financial Situation of Italian Households and Non-Financial Corporations and Risks to the Banking System.
This Technical Note examines the financial situation of Italian households and nonfinancial corporations and risks to the banking system. The credit risk from Italian households is mitigated by their considerable net wealth. Income has declined during the crisis, leading to tighter financial conditi...
| निगमित लेखक: | |
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| स्वरूप: | पत्रिका |
| भाषा: | English |
| प्रकाशित: |
Washington, D.C. :
International Monetary Fund,
2013.
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| श्रृंखला: | IMF Staff Country Reports; Country Report ;
No. 2013/348 |
| ऑनलाइन पहुंच: | Full text available on IMF |
| सारांश: | This Technical Note examines the financial situation of Italian households and nonfinancial corporations and risks to the banking system. The credit risk from Italian households is mitigated by their considerable net wealth. Income has declined during the crisis, leading to tighter financial conditions for households, especially for young and low-income groups, but low indebtedness, high levels of assets, and declining interest rates have protected households from widespread debt payment difficulties. The financial situation of nonfinancial corporations, in particular small and medium-sized enterprises, is fragile, as evidenced by already high loan default rates. Continued strong policy action will be important to mitigate the impact of these vulnerabilities, especially for firms. |
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| वस्तु वर्णन: | <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required |
| भौतिक वर्णन: | 1 online resource (43 pages) |
| स्वरूप: | Mode of access: Internet |
| आईएसएसएन: | 1934-7685 |
| अभिगमन: | Electronic access restricted to authorized BRAC University faculty, staff and students |