La cartolarizzazione dei mutui bancari: una stima dei possibili effetti per le banche italiane
MALAVASI, ROBERTO;ALIANO, MAURO
2015-01-01
Abstract
On an international scale, many concerns arise in regards to the universal bank model. It’s no chance occurrence that in the US retail banks have been forbidden to manage risky trading activities. In the EU and in Italy, as well, such a decision has not been taken yet. In fact, restricting intermediation activity itself, and redesigning a new model of credit intermediation to overcome present incompatibilities, is seen as useless. Hence, it is inconceivable that the same bank could ask today for state aid in case of instability, and at the same time being able to maximize the productivity of the utilized factors (as a private firm). In order to unlock this standstill situation, splitting monetary liabilities management from non-monetary deposits management could be a possible solution. To do so, securitization of loans related to investments in the fixed assets of firms is recommended. This paper gives a quantitative answer about the effects that Italian banks and firms could benefit from the securitization of shares of loans portfolios that are still in the assets of banks.File | Size | Format | |
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