Un modello dei conti economici per il sistema bancario italiano
This paper analyzes the linkages between banksï¿½ profitability and the main real and financial indicators. The results, derived by means of a reduced-form model for the period 1984-2002, highlight a strict relation between all income and cost components and the evolution of the economic cycle. Net interest income shows a high correlation with nominal GDP and the interest rate term structure; income from services and trading are also influenced by the trend and volatility of stock and financial markets. Operating expenses depend on wage dynamics and changes in a bankï¿½s organizational structure. Simulations performed for the period 2001-02 show a good predictive power of the model.
|Date of creation:||Oct 2004|
|Contact details of provider:|| Postal: Via Nazionale, 91 - 00184 Roma|
Web page: http://www.bancaditalia.it
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References listed on IDEAS
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- Atkinson, A.B. & Brandolini, A., 2000.
"Promise and Pitfalls in the Use of 'Secondary' Data -Sets: Income Inequality in OECD Countries,"
379, Banca Italia - Servizio di Studi.
- Anthony B. Atkinson & Andrea Brandolini, 2000. "Promise and Pitfalls in the Use of 'Secondary' Data-Sets: Income Inequality in OECD Countries," Temi di discussione (Economic working papers) 379, Bank of Italy, Economic Research and International Relations Area.
- Marchetti, D.J., 1999. "Markup and the Business Cycle: Evidence from Italian Manufacturing Branches," Papers 362, Banca Italia - Servizio di Studi.
- Domenica J. Marchetti, 1999. "Markup and the Business Cycle: Evidence from Italian Manufacturing Branches," Temi di discussione (Economic working papers) 362, Bank of Italy, Economic Research and International Relations Area. Full references (including those not matched with items on IDEAS)