Italian Household Wealth
Download Italian Household Wealth full books in PDF, epub, and Kindle. Read online free Italian Household Wealth ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Author | : Daniel Garcia-Macia |
Publisher | : International Monetary Fund |
Total Pages | : 26 |
Release | : 2018-08-31 |
Genre | : Business & Economics |
ISBN | : 1484374894 |
High household wealth is often cited as a key strength of the Italian economy. Both in absolute terms and relative to income, the Italian household sector is wealthier than most euro area peers. A sizable fraction of this wealth is held by the rich and upper middle classes. This paper documents the changes in the Italian household sector’s financial wealth over the past two decades, by constructing the matrix of bilateral financial sectoral exposures. Households became increasingly exposed to the financial sector, which in turn was exposed to the highly indebted real and government sectors. The paper then simulates different financial shocks to gauge the ability of the household sector to absorb losses. Simple illustrative calculations are presented for a fall in the value of government bonds as well as for bank bail-ins versus bailouts.
Author | : Laura Bartiloro |
Publisher | : |
Total Pages | : 24 |
Release | : 2012 |
Genre | : |
ISBN | : |
This paper provides a comparative analysis of household wealth in the United States, the United Kingdom, Japan, France, Germany, Spain and Italy, with a special focus on the latter. First, we compare national levels of debt and financial and real wealth. Second, we analyse the composition of financial wealth in more detail, by looking at the instruments in which households invest. Third, we discuss the empirical evidence on household indebtedness. In a nutshell, in Italy household financial assets are not as large as in the US, the UK or Japan, but are larger than in other European countries. This Italian position derives from the greater importance of securities other than shares and unquoted shares and other equity in the household portfolio, while insurance technical reserves are small by international standards. Italy also has a high ratio of real wealth to disposable income. Taking into account that their debt is low, Italian household have a high net wealth among the main OECD countries.
Author | : Luigi Cannari |
Publisher | : |
Total Pages | : 18 |
Release | : 2012 |
Genre | : |
ISBN | : |
The paper offers a broad overview of the topics addressed during the Bank of Italy's conference on Household wealth in Italy held in Perugia (Italy) in 2007. It recalls the principal reasons for central bank involvement in the compilation of statistics on wealth, looks at the Bank of Italy's experience in this specific field, provides a brief synopsis of the research to date and compares the new estimates with those previously available. The final section provides some thoughts on the future direction of the research.
Author | : Andrea Brandolini |
Publisher | : |
Total Pages | : 68 |
Release | : 2004 |
Genre | : Households |
ISBN | : |
Author | : Monica Paiella |
Publisher | : |
Total Pages | : 56 |
Release | : 2004 |
Genre | : Consumption (Economics) |
ISBN | : |
Author | : Albert Ando |
Publisher | : Cambridge University Press |
Total Pages | : 419 |
Release | : 1994-03-25 |
Genre | : Business & Economics |
ISBN | : 0521452082 |
Taking Italy as their field of research, the contributors conduct a coherent analysis of households' saving behaviour.
Author | : Laura Bartiloro |
Publisher | : |
Total Pages | : 31 |
Release | : 2013 |
Genre | : |
ISBN | : |
This paper investigates trends in Italian households' saving and wealth in the last twenty years, with a special emphasis on the period immediately following the financial crisis in 2008. The analysis is based on data from the Italian Survey on Household Income and Wealth (1991-2010. The crisis has intensified the trends already under way, as confirmed by the further decline in the saving rate and the deterioration in the financial situation of low-income households, young people and tenants. Overall inequality in wealth distribution has increased. Poverty indicators based on income and wealth summarize these developments: in 2010 nine per cent of Italian households were on a low income and in the event of job loss, had sufficient financial asset to survive at the poverty line for barely six months. This percentage increases to 15 per cent for young people and to 26 per cent for tenants.
Author | : Giorgio Albareto |
Publisher | : |
Total Pages | : 29 |
Release | : 2012 |
Genre | : |
ISBN | : |
In this paper we provide new estimates of the real and financial wealth of Italian households by region from 1998 to 2005, following the methodology of Cannari et al. (2006) who used regional series to break down the national figures in order to obtain territorial data. With respect to the earlier literature, we have introduced several methodological improvements. First, our estimates are more comprehensive: new components of real and financial wealth are now estimated and included in overall wealth. Second, our estimates are more accurate: for example, our calculations are based on a new series of house prices that have recently become available. Our estimates confirm the highly uneven territorial distribution of per-capita wealth of the previous analyses. In 2005, the per-capita net wealth of Italian households amounted to euro 133,500; in the southern regions it was euro 83,000, less than 50 per cent of the euro 167,900 in the northern regions; in the central regions it was approximately 87 per cent (euro 145,400). The richest regions turn out to be Liguria, Emilia Romagna and Valle d'Aosta; the poorest ones, Puglia, Sicily and Calabria.
Author | : International Monetary Fund |
Publisher | : International Monetary Fund |
Total Pages | : 32 |
Release | : 1988-08-09 |
Genre | : Business & Economics |
ISBN | : 1451956967 |
The composition of Italian household wealth has undergone significant changes in the last decade, partly reflecting the growth of public debt and monetary policies aimed at encouraging its absorption by the household sector. Within a theoretical framework consistent with the “money in the utility function” approach, this paper investigates household preferences for liquidity services provided by short-term financial assets. In the attempt to explain the factors underlying those changes, the empirical analysis provides information on the pattern of substitution for the main components of financial wealth and permits analysis of a variety of government interventions in asset markets.
Author | : |
Publisher | : |
Total Pages | : 349 |
Release | : 2008 |
Genre | : Saving and investment |
ISBN | : |