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Finanziare la ricostruzione: attività e attori coinvolti nel sisma dell’Emilia Romagna

Author

Listed:
  • Elisabetta Gualandri
  • Alessia Pedrazzoli
  • Paola Vezzani

Abstract

This paper aims to analyze the role of financial intermediaries in the reconstruction process that followed the 2012 Emilia-Romagna earthquake. The analysis discusses the regulatory framework and individual initiatives introduced due to the reconstruction and their impact on the local economy. The main financial intermediaries involved are the banks, which earmarked regional funding to families and firms. Our paper also examines the earthquake effects on the banks’ organization, both in terms of products and instruments employed to overcome the emergency. Secondly, a specific focus is on insurance companies. Indeed the advance payment of compensations and the rapid management of the practices have helped economic recovery of the industry. Moreover this paper considers the role of Microcredito per l’Italia that was a significant source of financing for both families and firms. Finally, we analyze an unconventional financial instrument that provided money for artistic and cultural assets: civic crowdfunding. While we are aware of the intrinsic limits of this type analysis, in this paper we develop a critical analysis of the most important unsolved aspects of the reconstruction' financing.

Suggested Citation

  • Elisabetta Gualandri & Alessia Pedrazzoli & Paola Vezzani, 2015. "Finanziare la ricostruzione: attività e attori coinvolti nel sisma dell’Emilia Romagna," Department of Economics 0070, University of Modena and Reggio E., Faculty of Economics "Marco Biagi".
    • Handle: RePEc:mod:depeco:0070
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    References listed on IDEAS

    as
    1. Barone, Guglielmo & Mocetti, Sauro, 2014. "Natural disasters, growth and institutions: A tale of two earthquakes," Journal of Urban Economics, Elsevier, vol. 84(C), pages 52-66.
    2. Angelo Baglioni & Michele Grillo, 2011. "Calamità naturali e assicurazione: elementi di analisi per una riforma," Rivista di Politica Economica, SIPI Spa, issue 1, pages 89-120, January-M.
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    More about this item

    Keywords

    bank; insurance; mortgage; sisma; Emilia-Romagna;
    All these keywords.

    JEL classification:

    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • G29 - Financial Economics - - Financial Institutions and Services - - - Other

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