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Editoriale. I problemi delle banche vanno molto oltre le mele marce (Editorial. Italy's banks problems run deeper than NPLs)

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  • Carlo D'Ippoliti

    (Sapienza University of Rome)

Abstract

The short article introduces to the current issue of the journal. Over the past two years, the health of Italy's banks has become the main economic policy issue in the country. Most policymakers and commentators still assume that, were it not for a few 'rotten apples', the system is relatively stable and solid. They thus propose to tackle the legacy non-performing loans (NPL) problem in a gradual and focussed way. In contrast, the comprehensive and in-depth empirical analysis by Montanaro and Tonveronachi (2017) published in this issue highlights that the Italian banks' problems are structural and diffused. The authors therefore argue for a rapid solution of the NPL issue, but also point out that NPLs are far from being the main issue. Rather, a large number of Italian banks exhibit too low profitability to sustain internal growth once the cost of risks and of capital are met. In a forthcoming issue the journal will host a wide debate on the main findings of this work, as well as on the policy implications.

Suggested Citation

  • Carlo D'Ippoliti, 2017. "Editoriale. I problemi delle banche vanno molto oltre le mele marce (Editorial. Italy's banks problems run deeper than NPLs)," Moneta e Credito, Economia civile, vol. 70(280), pages 293-297.
    • Handle: RePEc:psl:moneta:2017:41
    as

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    File URL: http://ojs.uniroma1.it/index.php/monetaecredito/article/view/14161/13893
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    References listed on IDEAS

    as
    1. Eckhard Hein, 2016. "Secular stagnation or stagnation policy? A post-Steindlian view," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 13(2), September.
    2. Carlo D'Ippoliti & Alessandro Roncaglia, 2011. "L'Italia: una crisi nella crisi," Moneta e Credito, Economia civile, vol. 64(255), pages 189-227.
    3. Eckhard Hein, 2016. "Secular stagnation or stagnation policy? Steindl after Summers," PSL Quarterly Review, Economia civile, vol. 69(276), pages 3-47.
    4. Alessandro Roncaglia, 2012. "Keynesian uncertainty and the shaky foundations of statistical risk assessment models," PSL Quarterly Review, Economia civile, vol. 65(263), pages 437-454.
    5. Elisabetta Montanaro & Mario Tonveronachi, 2017. "Vulnerabilita' del sistema bancario italiano. Diagnosi e rimedi (Dealing with the vulnerability of the Italian banking system)," Moneta e Credito, Economia civile, vol. 70(280), pages 299-368.
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    More about this item

    Keywords

    editorial; non-performing loans; Italy;
    All these keywords.

    JEL classification:

    • Y20 - Miscellaneous Categories - - Introductions and Prefaces - - - Introductions and Prefaces
    • G01 - Financial Economics - - General - - - Financial Crises
    • G20 - Financial Economics - - Financial Institutions and Services - - - General

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