Financial Markets: Imperfect Information and Risk Management

Introduction; M.Bagella, M.Baldassarri & L.Paganetto PART I: IMPERFECT INFORMATION, FINANCIAL MARKETS AND FINANCIAL INTERMEDIATION: EMPIRICAL ANALYSIS Portfolio Choice and Competition in the Banking System; G.Chiesa Financial Constraints on Investments: Evidence from Direct Revelation of Italian Firms; M.Bagella, L.Becchetti & A.Caggese Risk, Return and Adverse Selection: A Study of Optimal Behaviour Under Asymmetric Information; L.V.Williams & D.Paton Investment and Economic Instability; G.Calcagnini & E.Saltari PART II: RISK MANAGEMENT, BANKING SYSTEM AND FINANCIAL MARKETS Measuring Credit Risk in Bank Loans: Pricing and Risk Management Implications; P.L.Gilibert A Model for Measuring Financial Risks; E.Barone & A.Braghò Macroeconomic Effects of Corporate Macroeconomic Exposure: Conceptual Issues and Estimation; C.Wihlborg PART III: MONEY, FINANCE AND MACROECONOMICS Economic Growth and Evolution of Credit Market's Structure; L.G.Deidda Political and Economic News and Lira Fluctuations: The Recent Experience: 29 March 1994-29 December 1995; M.Tivegna Size and Regional Aspects of Banking Efficiency: The Italian Puzzle; A.Giannola, C.Ricci & G.Scarfiglieri A Non-Parametric Analysis of the Italian Banking System's Efficiency; S.Destefanis Challenges to Competitive Banking: A Theoretical Perspective; A.W.A.Boot & A.Schmeits Index