Overview
- Enables readers to understand bank funding strategies currently available
- Provides an overview of how the funding needs of Italian banks changed over time
- Outlines how the cost of funding changed after the introduction of the EU Bank Recovery and Resolution Directive (BRRD)
Part of the book series: Palgrave Macmillan Studies in Banking and Financial Institutions (SBFI)
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About this book
This book illustrates the importance of bonds as a funding tool available to banks. After providing the reader with an overview of the funding strategies adopted during the last ten years by European banks, the book offers a deep focus on the Italian banking industry. Notably, the authors illustrate how bonds have been a primary funding choice for Italian banks, as well as a preponderant asset in Italian households’ portfolios. Furthermore, they highlight the consequences of the adoption of the Bank Recovery and Resolution Directive (BRRD) on the yields offered by bonds of Italian banks. Finally, they conclude the volume with the illustration of very recent case studies about the application of the BRRD to some problematic banks in Italy and the related side effects generated to bank bondholders. All the analyses presented in the book are supported by the use of quantitative data.
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Keywords
Table of contents (4 chapters)
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Front Matter
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Back Matter
Authors and Affiliations
About the authors
Fabrizio Crespi is a Researcher at the University of Cagliari and a Contract Professor at ALTIS (the Postgraduate School Business & Society of the Catholic University of the Sacred Heart of Milan). After completing a PhD in “The economics of institutions and business systems”, he has focused his academic career on financial innovation. His main research concerns asset-backed securitization, asset management products, asset allocation and financial planning, and innovative portfolio strategies.
Danilo V. Mascia is a Research Fellow at the University of Cagliari (Italy) and a former Visiting Academic Research Fellow at Leeds University Business School (UK). After gaining his BSc and MSc in Economics in Sardinia, he moved to the University of Amsterdam, where he was awarded the title of MSc in Business Economics. He later received his PhD in Business Economics from the University of Cagliari, together with the title of Doctor Europaeus. His research interests are in the areas of banking, regulation, and financing of small and medium firms.
Bibliographic Information
Book Title: Bank Funding Strategies
Book Subtitle: The Use of Bonds and the Bail-in Effect
Authors: Fabrizio Crespi, Danilo V. Mascia
Series Title: Palgrave Macmillan Studies in Banking and Financial Institutions
DOI: https://doi.org/10.1007/978-3-319-69413-9
Publisher: Palgrave Macmillan Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s) 2018
Hardcover ISBN: 978-3-319-69412-2Published: 07 December 2017
eBook ISBN: 978-3-319-69413-9Published: 30 November 2017
Series ISSN: 2523-336X
Series E-ISSN: 2523-3378
Edition Number: 1
Number of Pages: XX, 147
Number of Illustrations: 10 b/w illustrations
Topics: Banking