The Restructuring of Banks and Financial Systems in the Euro Area and the Financing of SMEs

1. Front Matter

   Pages i-vi

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2. Introduction

   1. Introduction

      • Franco Fiordelisi, Filippo L. Calciano, Giovanni Scarano

      Pages 1-10

3. I – Restructuring Banks and Financial Systems in the Euro Area

   1. Regulating Core and Non-Core Banking Activities. The Unanswered Question◊

      • Giampaolo Gabbi, Andrea Sironi

      Pages 11-30

   2. The Banking Regulatory Bubble and How to Get out of It

      • Giovanni Ferri, Doris Neuberger

      Pages 31-61

   3. Fifteen Years of Single Monetary Policy in the Euro Area: A Bird’s Eye View, Effects on Italian Banks During the Crisis, and Lessons to Draw

      • Vincenzo Chiorazzo, Pierluigi Morelli

      Pages 63-80

   4. Learning on the Road towards the Banking Union

      • Franco Bruni

      Pages 81-120

   5. The Economic Impact of EU Competitiveness Programs on Italian SMEs

      • Stefano Marzioni, Luciano Monti, Alessandro Pandimiglio, Marco Spallone

      Pages 121-140

   6. Regulatory Impacts from the Financial Crisis on German Banks

      • Michaela Hönig

      Pages 141-174

   7. Corporate Savings and the 2007–2009 Financial Crisis: A Warning for the European Banking Union

      • Giovanni Scarano

      Pages 175-187

4. New Tools for the Financing of SMEs

   1. Front Matter

      Pages 189-189

      PDF

   2. The European Central Bank and the Financing Conditions of Small and Medium-Sized Enterprises in Europe

      • Ansgar Belke, Florian Verheyen

      Pages 191-207

   3. After the Credit Crunch: Long-Term Finance for Economic Growth

      • Angelo S. Baglioni, Andrea Monticini, Giacomo Vaciago

      Pages 209-221

   4. New Finance for Italian Firms. Issues of Mini-Bonds and SME Entering the Stock Exchange are the Most Promising Novelties

      • Ciro Rapacciuolo

      Pages 223-249

5. Back Matter

   Pages 251-256

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The 2007-2009 financial crisis has had a worldwide impact on banks and financial systems. It has also brought about major changes in Europe's financial regulatory framework which could lead to financing problems for SMEs. The book explores the restructuring process of banking and financial systems to its impact on the financing of SMEs.

• Banking
• regulation
• SMEs
• bank
• banking
• economic growth
• European Central Bank
• growth
• monetary policy

• Roma Tre University, Roma

  Filippo Luca Calciano, Giovanni Scarano

• Durham University, UK

  Franco Fiordelisi

Filippo L. Calciano is a professor of economics at the University of Rome 3 and director of the International Cooperation Department at the Luigi Sturzo Institute (ILS) in Rome. He has a professional and academic interest in corporate finance and financial economics, as well as academic interests in game theory and microeconomics. He holds a Ph.D. and a masters degree in Economics from the Centre for Operations Research and Econometrics (Louvain University) and the University of Pennsylvania.

Franco Fiordelisi is Professor of Banking and Finance at the University of Rome III (Italy). He is the president of the Financial Intermediation Network of European Studies (FINEST) and affiliated faculty member at the SDA Bocconi, Milan. He was visiting research scholar at the Olin Business School, Washington University in St. Louis, U.S. (in 2011, Fulbright Scholarship) and at the European Central Bank (in 2010). His work has been published in top finance journals such as the Journal of Corporate Finance, the Journal of Banking and Finance, the Journal of International Money and Finance.

Giovanni Scarano is Professor of Economic Policy and President of the School of Economics and Business Studies at the Roma Tre University. His major academic interests today lie in monetary policy, business cycles and corporate finance, having concentrated his focus on natural resource and development issues over the past years.

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