New Issues in Financial and Credit Markets

Cover......Page 1
Title......Page 4
Copyright......Page 5
Contents......Page 6
List of Tables and Figures......Page 8
Notes on Contributors......Page 11
Introduction......Page 20
Part I Financial Crises......Page 28
1 China’s Macro-policy and Regulatory Framework of the Financial Sector to be Tested by the Global Economic Slowdown......Page 30
2 Financial Turmoil and Asymmetric Information Theory: Evidence from the e-Mid Platform......Page 48
3 The Impact of European Financial Integration on Economic Growth......Page 60
4 Can Financial Supervision Enhance the Central Bank’s Independence?......Page 72
5 The Impact of a Housing Price Bubble on the Intensity of the Recent Credit Crunch: Evidence from Different Countries......Page 83
6 Inter-bank Market and Liquidity Distribution during the Great Financial Crisis: The e-MID Case......Page 101
7 Quantitative Easing vs Credit Easing......Page 118
8 Financial Reforms, Competition, and Risk in Banking Markets......Page 130
Part II The Lending Business: Markets and Instruments......Page 140
9 The Driving Forces of Credit Brokers’ Diffusion in Italy: An Empirical Analysis......Page 142
10 Financial Constraints to Italian SME Growth: A Proposed Solution through VC and PE Financing......Page 152
11 Transparency of Price Conditions in Consumer Credit: The Usage of the APR......Page 163
Part III Capital Markets and Risk Management......Page 176
12 Asset Management and Industry Portfolio Indices: Momentum and Reversal Returns......Page 178
13 Duration Analysis: An Overview......Page 190
14 Biased or Unbiased Risk Tolerance in Financial Decision Making......Page 203
15 Banks’ Measurement of Operational Risk and the Effect on Regulatory Capital......Page 219
Index......Page 232