19 Jul 2023 Why US States Don't Adopt a Bondholder Friendly Bankruptcy Law Stefano Rossi proves that municipal bankruptcy law lowers bond spreads by 8.5 basis points and increases hospital investments by 24.5%. Political opposition and judicial inefficiency are among the reasons that prevent its universal ratification
21 Jun 2023 How State Loan Guarantees Can Improve Bank Lending Standards A theoretical paper by Elena Carletti concludes that public guarantees reduce the risk of bank runs and, unexpectedly, make banks more careful in screening loan applications
05 Jun 2023 The National Recovery and Resilience Plan's Push for Improving Italy's Financial Education Sustainable finance at the center of a project for greater social awareness of managing resources and savings
26 May 2023 It's Never too Late to Understand Finance An experiment by Billari, Favero and Saita shows that even simple, low cost online education interventions can improve adults' knowledge and change their investment behavior
23 May 2023 Finance Canaries: The Price of Leading Some industries' cash flow fluctuations are ahead of the business cycle, according to research by Max Croce. This makes them riskier than the rest and forces them to pay a 3.6% premium to investors
19 Apr 2023 When Financial Distress Spreads Like a Virus Claudio Tebaldi and Andrea Buraschi analyze the impact on asset prices of financial distress propagating through the network of business relations