Banking diversity, financial complexity and resilience to financial shocks: evidence from Italian provinces

IF 1.4 Q3 ECONOMICS

International Review of Applied Economics Pub Date : 2022-05-04 DOI:10.1080/02692171.2022.2090521

B. Pisicoli

引用次数: 1

Abstract

ABSTRACT In this paper, we investigate the influence of banking and financial diversity on stability. We compute an index of banking diversity for Italian provinces and, drawing on network theory, we propose a measure of the diversity and development of the overall provincial financial sector. Our results show that diversity in the banking and financial markets promotes greater stability. Such beneficial effects are particularly evident during periods of financial distress. We ascribe our findings to the better diversification achieved by more diverse financial systems, as documented by lower loan concentration and higher loan diversification in terms of economic destination and borrower category.

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银行业的多样性、金融复杂性和对金融冲击的抵御能力：来自意大利各省的证据

摘要本文研究银行和金融多样性对稳定性的影响。我们计算了意大利各省的银行多样性指数，并利用网络理论，我们提出了一个衡量整体省级金融部门多样性和发展的指标。我们的研究结果表明，银行和金融市场的多样性促进了更大的稳定性。这种有益的影响在财政困难时期尤为明显。我们将我们的发现归因于更多样化的金融体系所实现的更好的多样化，正如在经济目的地和借款人类别方面较低的贷款集中度和较高的贷款多样化所证明的那样。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

International Review of Applied Economics ECONOMICS-

CiteScore

4.30

自引率

4.50%

发文量

期刊介绍： International Review of Applied Economics is devoted to the practical applications of economic ideas. Applied economics is widely interpreted to embrace empirical work and the application of economics to the evaluation and development of economic policies. The interaction between empirical work and economic policy is an important feature of the journal. The Journal is peer reviewed and international in scope. Articles that draw lessons from the experience of one country for the benefit of others, or that seek to make cross-country comparisons are particularly welcomed. Contributions which discuss policy issues from theoretical positions neglected in other journals are also encouraged.