European Parliament Library

Italy :, Technical Note on the Financial Situation of Italian Households and Non-Financial Corporations and Risks to the Banking System

Abstract
This Technical Note examines the financial situation of Italian households and nonfinancial corporations and risks to the banking system. The credit risk from Italian households is mitigated by their considerable net wealth. Income has declined during the crisis, leading to tighter financial conditions for households, especially for young and low-income groups, but low indebtedness, high levels of assets, and declining interest rates have protected households from widespread debt payment difficulties. The financial situation of nonfinancial corporations, in particular small and medium-sized enterprises, is fragile, as evidenced by already high loan default rates. Continued strong policy action will be important to mitigate the impact of these vulnerabilities, especially for firms
Table Of Contents
Cover; CONTENTS; INTRODUCTION AND MAIN FINDINGS; THE ITALIAN HOUSEHOLD SECTOR; A. Household Balance Sheets; FIGURES; 1. Household Debt and Wealth; B. The Housing Market; 2. The Housing Market; C. Financial Linkages; 3. Households' Financial Conditions; BOXES; 1. Support Measures for Low-Income and Distressed Households; D. Sensitivity Analysis; TABLES; 1. Household Debt Burden (2010); 4. Italian Household: Baseline Debt Vulnerability; 2. Sensitivity Analysis of Indebted Households; 5. Italian Household: Sensitivity Analysis; THE ITALIAN NON-FINANCIAL SECTOR
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (44 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781475567007

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