Italy and the Euro Exit
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Principali Risultati dell’Household Finance and Consumption Survey: l’Italia Nel Confronto Internazionale (Main Results of the Household Finance and Consumption Survey: Italy in the International C...

Principali Risultati dell’Household Finance and Consumption Survey: l’Italia Nel Confronto Internazionale (Main Results of the Household Finance and Consumption Survey: Italy in the International C... | Italy and the Euro Exit | Scoop.it
The paper presents the main results of the Eurosystem’s Household Finance and Consumption Survey (HFCS) with an emphasis on the data for Italy in the internatio
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Nice paper by Romina Gambacorta

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Why an Italian Euro Exit Helps Italy and the Eurozone- SNBCHF.COM

Why an Italian Euro Exit Helps Italy and the Eurozone- SNBCHF.COM | Italy and the Euro Exit | Scoop.it
Italy, as opposed to Argentina in 2001 and Spain today, survive a euro exit without big problems. Given the Italian public opinion, it might happen soon.
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Who Says No to Austerity, Must Say Yes to the Northern Euro - SNBCHF.COM

Who Says No to Austerity, Must Say Yes to the Northern Euro - SNBCHF.COM | Italy and the Euro Exit | Scoop.it
Eventually the euro will be abolished, a Northern Euro introduced: politicians and their economic advisors might just be waiting for a calm moment, especially with upcoming German inflation.
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The Transfer Union from South to North since 2008: Wolfgang Schäuble, the Evil Genius of the Euro Crisis - SNBCHF.COM

The Transfer Union from South to North since 2008: Wolfgang Schäuble, the Evil Genius of the Euro Crisis - SNBCHF.COM | Italy and the Euro Exit | Scoop.it
Wolfgang Schäuble has become the evil genius of the euro crisis. He has understood that the Cyprus crisis won't lead to a bank-run and collapse of capital markets. We all know that the US is now recovering.
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Why is Italy's Savings Rate So High?

Downloadable (with restrictions)! In this paper we provide an explanation for three features that characterize the Italian savings rate: by international standards, Italy is a `high-saving' country; the Italian savings rate has declined markedly in the last three decades; the correlation between saving and growth is stronger in Italy than in countries at comparable stages of economic development. We compare the size and characteristics of credit and insurance markets in the major OECD countries and argue that the strikingly low development of Italian capital markets may explain these features of savings in Italy. In the second part of the paper we provide a number of empirical tests to assess the effect of earnings uncertainty and borrowing constraints on household saving. The results suggest that capital market imperfections are the likely source of the high Italian savings rate and of the strong saving-growth correlation. We consider the potential role of the public and informal sectors, bequests and the slope of the earnings profile, but reject these as explanations of Italian savings behaviour.

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So high in the 1990s, so low in the 2000s.

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Italy: A Sustained US Recovery Will Make a Eurozone Split Up Possible - SNBCHF.COM

Italy: A Sustained US Recovery Will Make a Eurozone Split Up Possible - SNBCHF.COM | Italy and the Euro Exit | Scoop.it
We reckon that a sustained US recovery will make it possible that the eurozone splits up. Today's Italian elections are maybe the start of an upcoming Italian euro exit.
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An upcoming Italian sucess story? Companies seem to hide their competiveness

An upcoming Italian sucess story? Companies seem to hide their competiveness | Italy and the Euro Exit | Scoop.it
Higher exports show that Italy's economy is trying to become a new German Companies seem to hide their competitiveness. A question remains: Will Italian companies really invest in Italy and create jobs?
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The New Widow-Maker Trade: Short Italian Government Bonds

The New Widow-Maker Trade: Short Italian Government Bonds | Italy and the Euro Exit | Scoop.it
We think that, similarly as Japanese JGBs, Spanish and Italian Government Bond Yields will continue its race to the bottom, Short Italian Bonds is the new Widow-Maker Trade.
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Why it Makes Sense to Exit the Euro Zone in Times of Balance Sheet Recessions - SNBCHF.COM

Why it Makes Sense to Exit the Euro Zone in Times of Balance Sheet Recessions - SNBCHF.COM | Italy and the Euro Exit | Scoop.it
Italy will follow Japan for decade(s) of balance sheet recession. There is one mean to avoid it. The periphery should use current positive market sentiments and low inflation to exit the euro zone.
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European Wealth Reports: Why "Median" Italians are Far Richer than Germans - SNBCHF.COM

European Wealth Reports: Why "Median" Italians are Far Richer than Germans - SNBCHF.COM | Italy and the Euro Exit | Scoop.it
The major reasons why according to the European wealth reports "median" Italians considered to be more wealthy than Germans. The main reasons are higher Italian home ownership and the shadow economy.
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Viva la Democrazia! The Reign of the Spread is Finished! - SNBCHF.COM

Viva la Democrazia! The Reign of the Spread is Finished! - SNBCHF.COM | Italy and the Euro Exit | Scoop.it
Claudio Messora, one of most well known critics during the "Reign of the spread" between Italian and German bonds.He happy about the return of democracy.
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Why Italy's saving rate became (so) low?

Downloadable! The aim of this paper is to explain why a low and declining saving rate should be a problem in a world of free capital flows and increasing wealth. In Italy consumer households’ saving have been the main driver of economic stability and growth, funding investments and public debt, and despite international turbulences Italy was acknowledged as a high saving country until the early 1990’s. Ever since, however, households saving rate plunged, in spite of an increasing financial wealth, and our aim is to explain why: we suggest two main causes. The first is related to the economic policies implemented to deal with four major economic events, prompted by economic misalignments: a) the 1992’s currency crisis, b) the run-up to the Euro, c) the 2006’ turning point, preceding the 2008’s crisis, and d) the 2009’s public debt crisis and the following policy of fiscal consolidation.

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Low after so high in the 1990s

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The Full List of Monti Reforms - SNBCHF.COM

The Full List of Monti Reforms - SNBCHF.COM | Italy and the Euro Exit | Scoop.it
Italian Prime Minister Mario Monti passed 30 billion euros ($40.3 billion) in tax hikes (17 billion), pension and spending cuts (13 billion).
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A Century Of French And Italian Economic Decline -SNBCHF.COM

A Century Of French And Italian Economic Decline -SNBCHF.COM | Italy and the Euro Exit | Scoop.it
Italy overtook Japan with the worst real GDP growth of all advanced economies since 1991 (0.79% per year, an amazing and sad distinction). Italians and French are clearly getting tired of austerity.
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