Bank of Italy http://www.bancaditalia.it The official site of Italy's central bank en Sat, 15 Dec 2018 09:13:46 GMT webmaster@bancaditalia.it (Web Master) webmaster@bancaditalia.it (Web Master) Copyright and all other rights in respect of this website belong to Banca d’Italia; all and any content and information available on this website are legally protected pursuant to copyright legislation. Users may print and save to disk or other support the material on this website for personal use only; it is strictly forbidden to use such material for profit or for any form of financial gain whatsoever. No changes or transformations of any kind may be made to the images and data contained on this website, and the reproduction of the website or any part of it on other websites or on any public or private information system is not permitted without the Bank’s explicit prior written authorization. http://www.rssboard.org/rss-specification The Financial Market - October-November 2018 [pdf, 1.0 MB] http://www.bancaditalia.it/pubblicazioni/mercato-finanziario/2018-mercato-finanziario/en_statistiche_MFN_20181214.pdf?language_id=1 /pubblicazioni/mercato-finanziario/2018-mercato-finanziario <p>A new version of "The Financial Market" report is available, containing a revision of "Benchmark government securities: gross yields to maturity &ndash; 10 year BTP". In November 2018, 10-year benchmark BTPs decreased by 8 basis points to 3.39 per cent.</p> Fri, 14 Dec 2018 17:20:00 GMT 5a5103a6-f51b-4836-8d60-27b2de72a022 FAQ - Reporting 129 [pdf, 208.1 KB] http://www.bancaditalia.it/statistiche/servizi/isin-anagrafe-titoli/isin/FAQ_129_ENG.pdf?language_id=1 /statistiche/servizi/isin-anagrafe-titoli/isin <p>ISIN code service and art. 129 reporting - Frequently Asked Questions (FAQ)</p> Fri, 14 Dec 2018 17:10:00 GMT b2295417-742d-4e6e-a88e-c00cfc0a547b Euro foreign exchange reference rates as of 14 Dec 2018 http://www.bancaditalia.it/compiti/operazioni-cambi/cambio/cambi_rif_20181214?com.dotmarketing.htmlpage.language=1 /compiti/operazioni-cambi/cambio/ Fri, 14 Dec 2018 15:04:21 GMT 8de33550-697b-40c1-8482-61d495a3e244 Clarification to the SRF 2019 Reporting Template [pdf, 766.0 KB] http://www.bancaditalia.it/compiti/risoluzione-gestione-crisi/fondi-risol-crisi/2018/comunicazione-20181203/Clarification-to-the-SRF-2019-Reporting-Template.pdf?language_id=1 /compiti/risoluzione-gestione-crisi/fondi-risol-crisi/2018/comunicazione-20181203 <p>Resolution and crisis management&nbsp;- <a href="https://www.bancaditalia.it/compiti/risoluzione-gestione-crisi/fondi-risol-crisi/2018/comunicazione-20181203/index.html">Notice concerning the 2019 contribution to the Single Resolution Fund</a></p> Fri, 14 Dec 2018 14:10:00 GMT fd24b104-fe4f-44d9-87c0-2d68172fda75 Macroeconomic projections for the Italian economy - December 2018 [pdf, 188.3 KB] http://www.bancaditalia.it/pubblicazioni/proiezioni-macroeconomiche/2018/Macroeconomic-Projections-Italy-December-2018.pdf?language_id=1 /pubblicazioni/proiezioni-macroeconomiche/2018 Fri, 14 Dec 2018 14:00:00 GMT a4f71a18-ea49-4e75-ab59-107e2d7bb9e1 Speech by Governor Visco at the Accademia dei Lincei http://www.bancaditalia.it/media/notizia/speech-by-governor-visco-at-the-accademia-dei-lincei?com.dotmarketing.htmlpage.language=1 /media/notizia/ Fri, 14 Dec 2018 13:00:00 GMT f9bcbb4a-1176-461b-90aa-7e950ecec460 Direct investment by counterpart country [xlsx, 9.8 MB] http://www.bancaditalia.it/statistiche/tematiche/rapporti-estero/investimenti-diretti/ide_dec2018.xlsx?language_id=1 /statistiche/tematiche/rapporti-estero/investimenti-diretti Fri, 14 Dec 2018 10:00:00 GMT be761b10-1be9-433c-8524-5698536f64fe Operations on behalf of the Treasury - 2018 [pdf, 32.7 KB] http://www.bancaditalia.it/compiti/operazioni-mef/optes/documenti/optes-2018/Operations_on_behalf_of_the_Treasury_-_2018.pdf?language_id=1 /compiti/operazioni-mef/optes/documenti/optes-2018 Fri, 14 Dec 2018 10:00:00 GMT 6ca79b17-6b21-421f-b8fd-cd34142e5d8b The Public Finances: Borrowing Requirement and Debt - October 2018 [pdf, 2.8 MB] http://www.bancaditalia.it/pubblicazioni/finanza-pubblica/2018-finanza-pubblica/en_statistiche_FPI_20181214.pdf?language_id=1 /pubblicazioni/finanza-pubblica/2018-finanza-pubblica Fri, 14 Dec 2018 09:30:00 GMT b1fe6cc8-10e7-41b1-b0c0-b8fe2b9e0a2e Euro foreign exchange reference rates as of 13 Dec 2018 http://www.bancaditalia.it/compiti/operazioni-cambi/cambio/cambi_rif_20181213?com.dotmarketing.htmlpage.language=1 /compiti/operazioni-cambi/cambio/ Thu, 13 Dec 2018 15:00:19 GMT 2c6219e5-df36-4685-8f54-27dc866887c8 Monetary policy decisions 13 December 2018 [pdf, 23.4 KB] http://www.bancaditalia.it/media/bce-comunicati/documenti/2018/ecb_mp181213_en.pdf?language_id=1 /media/bce-comunicati/documenti/2018 Thu, 13 Dec 2018 13:35:00 GMT eae97a0c-06ea-4896-b691-3e80b7f98134 Opening speech by Salvatore Rossi at the 29th Conference on Big Data Econometrics with Applications http://www.bancaditalia.it/media/notizia/opening-speech-by-salvatore-rossi-at-the-29th-conference-on-big-data-econometrics-with-applications?com.dotmarketing.htmlpage.language=1 /media/notizia/ Thu, 13 Dec 2018 09:00:00 GMT 792cd88f-68e5-4b7b-b88f-9200a6857156 29th (EC)2 Conference on "Big Data Econometrics with Applications" [pdf, 61.5 KB] http://www.bancaditalia.it/pubblicazioni/interventi-direttorio/int-dir-2018/en_rossi-13122018.pdf?language_id=1 /pubblicazioni/interventi-direttorio/int-dir-2018 Thu, 13 Dec 2018 09:00:00 GMT ba915ab7-f6c6-4690-8ed3-cf3f6c467a15 Euro foreign exchange reference rates as of 12 Dec 2018 http://www.bancaditalia.it/compiti/operazioni-cambi/cambio/cambi_rif_20181212?com.dotmarketing.htmlpage.language=1 /compiti/operazioni-cambi/cambio/ Wed, 12 Dec 2018 14:58:26 GMT 9118241c-5541-4dc0-bf74-1840778b136b New releases of Working Papers and Occasional Papers of the Bank of Italy - 12 December 2018 http://www.bancaditalia.it/media/notizia/new-releases-of-working-papers-and-occasional-papers-of-the-bank-of-italy-12-december-2018?com.dotmarketing.htmlpage.language=1 /media/notizia/ Wed, 12 Dec 2018 10:00:00 GMT bfb5d9f0-bddb-4123-b580-bed2716f8bc9 No. 476 - Education, income and wealth: persistence across generations in Italy http://www.bancaditalia.it/pubblicazioni/qef/2018-0476/index.html?com.dotmarketing.htmlpage.language=1 /pubblicazioni/qef/2018-0476 <p>Occasional papers No. 476 - "Education, income and wealth: persistence across generations in Italy", by Luigi Cannari and Giovanni D'Alessio.</p> <p>The paper examines the intergenerational persistence of economic conditions in terms of education, income and wealth, and the importance of starting conditions in explaining success in Italy.&nbsp;[...]</p> Wed, 12 Dec 2018 09:56:00 GMT e096b0a7-4753-4205-a767-ab639491c44b No. 473 - Invoicing currency and exchange rate pass-through: evidence from firm level analysis of Italian firms http://www.bancaditalia.it/pubblicazioni/qef/2018-0473/index.html?com.dotmarketing.htmlpage.language=1 /pubblicazioni/qef/2018-0473 <p>Questioni di economia e finanza (Occasional Papers) No. 473 - "Invoicing currency and exchange rate pass-through: evidence from firm level analysis of Italian firms", by Alessandro Borin, Andrea Linarello, Elena Mattevi and Giordano Zevi.</p> <p>"The paper analyzes how the choice of the invoicing currency used in international transactions by the Italian companies (euro, dollar, other currencies) influences the transmission of exchange rates shocks to their price strategies and business activity [...]"</p> Wed, 12 Dec 2018 09:53:00 GMT a0ae7b72-3b8f-4371-bdd3-43975b2d7d07 No. 475 - International tourism in Italy: recent trends, potential demand and a comparison with the main European competitors http://www.bancaditalia.it/pubblicazioni/qef/2018-0475/index.html?com.dotmarketing.htmlpage.language=1 /pubblicazioni/qef/2018-0475 <p>Occasional papers No. 475 - "Household wealth in Italy and in advanced countries", by Emanuele Breda, Rita Cappariello and Valentina Romano.</p> <p>This work analyses the pattern of foreign tourists&rsquo; expenditure in Italy (exports of tourism services) and of Italy's market share, providing a comparison with the other main euro-area countries.&nbsp;[...]</p> Wed, 12 Dec 2018 09:55:00 GMT 6c327bf8-9f63-4b8f-a905-cee35377113d No. 472 - Working in the gig economy. Evidence from the Italian food delivery industry http://www.bancaditalia.it/pubblicazioni/qef/2018-0472/index.html?com.dotmarketing.htmlpage.language=1 /pubblicazioni/qef/2018-0472 <p>Questioni di economia e finanza (Occasional Papers) No. 472 - "Working in the gig economy. Evidence from the Italian food delivery industry", by Cristina Giorgiantonio and Lucia Rizzica.</p> <p>"We examine the gig economy phenomenon. Specifically, we provide: i) an overview of the current debate on how to regulate this sector in terms of contractual working arrangements [...]"</p> Wed, 12 Dec 2018 09:52:00 GMT c1611c3a-b18d-4c36-80f5-058eab3faaaf No. 1204 - Recent trends in economic activity and TFP in Italy with a focus on embodied technical progress http://www.bancaditalia.it/pubblicazioni/temi-discussione/2018/2018-1204/index.html?com.dotmarketing.htmlpage.language=1 /pubblicazioni/temi-discussione/2018/2018-1204 <p>Working papers&nbsp;No. 1204 - Recent trends in economic activity and TFP in Italy with a focus on embodied technical progress by Alessandro Mistretta and Francesco Zollino. This work analyses the determinants of growth for the Italian economy since the mid-1990s, focusing on the role of total factor productivity (TFP)..[...]</p> Wed, 12 Dec 2018 09:54:00 GMT 64215a9e-d51e-456f-b491-affa999e3486 No. 1203 - Firms' inflation expectations and investment plans http://www.bancaditalia.it/pubblicazioni/temi-discussione/2018/2018-1203/index.html?com.dotmarketing.htmlpage.language=1 /pubblicazioni/temi-discussione/2018/2018-1203 <p>Working papers No. 1203 - Firms' inflation expectations and investment plans by Adriana Grasso and Tiziano Ropele. In this paper we use the information from the Bank of Italy&rsquo;s Survey on Inflation and Growth Expectations to examine the link between Italian firms&rsquo; inflation expectations and their investment plans.[...]</p> Wed, 12 Dec 2018 09:53:00 GMT 80a745e8-5466-42a1-9560-1f635ec3a671 No. 471 - The Irish GDP in 2016. After the disaster comes a dilemma http://www.bancaditalia.it/pubblicazioni/qef/2018-0471/index.html?com.dotmarketing.htmlpage.language=1 /pubblicazioni/qef/2018-0471 <p>Questioni di economia e finanza (Occasional Papers)&nbsp;No. 471 - "The Irish GDP in 2016. After the disaster comes a dilemma", by Roberto Tedeschi.</p> <p>"The paper examines the disruption of statistics that occurred with the publication of Ireland's 2015 GDP at +26.3 per cent year on year. The figure was greeted by international disbelief [...]"</p> Wed, 12 Dec 2018 09:51:00 GMT 14b910b0-b4e2-487d-9fd7-242d6340a5a5 No. 474 - Local waste taxes in Italy: benefit or (hidden) wealth taxation? http://www.bancaditalia.it/pubblicazioni/qef/2018-0474/index.html?com.dotmarketing.htmlpage.language=1 /pubblicazioni/qef/2018-0474 <p>Occasional papers No. 474 - "Local waste taxes in Italy: benefit or (hidden) wealth taxation?", Giovanna Messina, Marco Savegnago and Andrea Sechi.</p> <p>Waste management can be financed through user charges, in the form of fees related to the amount of waste produced. Such fees would lead to positive effects for local public finance as well as for the environment.&nbsp;[...]</p> Wed, 12 Dec 2018 09:54:00 GMT 51d3926b-6ec4-4548-ae19-a394e812bd1b No. 1202 - Is ECB monetary policy more powerful in expansions? http://www.bancaditalia.it/pubblicazioni/temi-discussione/2018/2018-1202/index.html?com.dotmarketing.htmlpage.language=1 /pubblicazioni/temi-discussione/2018/2018-1202 <p>Working papers No. 1202 - Firms' inflation expectations and investment plans by Martina Cecioni. The paper studies whether the effectiveness of ECB monetary policy varies with the business cycle in the euro area (that is during recessions and expansions).[...]</p> Wed, 12 Dec 2018 09:52:00 GMT 09d06efa-97b7-4008-ad95-9a89148ae9fb Consolidated financial statement of the Eurosystem as at 7 December 2018 [pdf, 82.1 KB] http://www.bancaditalia.it/media/bce-comunicati/documenti/2018/2018-12-11-WFS.pdf?language_id=1 /media/bce-comunicati/documenti/2018 Wed, 12 Dec 2018 09:30:00 GMT 7bca0e08-e1d4-4398-83e2-0a6231dfc6c0 Month-end financial statement at 31 October 2018 http://www.bancaditalia.it/pubblicazioni/situazioni-contabili/2018/ottobre/index.html?com.dotmarketing.htmlpage.language=1 /pubblicazioni/situazioni-contabili/2018/ottobre Wed, 12 Dec 2018 08:00:00 GMT 2303af13-4dec-401e-bb07-9577f97c85b4 Seminar "Payment systems and market infrastructures in the EU; policy, operation, oversight. Banca d'Italia's experience" http://www.bancaditalia.it/media/notizia/seminar-payment-systems-and-market-infrastructures-in-the-eu-policy-operation-oversight-banca-d-italia-s-experience?com.dotmarketing.htmlpage.language=1 /media/notizia/ Wed, 12 Dec 2018 08:00:00 GMT 49f0751a-a5ae-44a9-b1e1-f1530036e16b Euro foreign exchange reference rates as of 11 Dec 2018 http://www.bancaditalia.it/compiti/operazioni-cambi/cambio/cambi_rif_20181211?com.dotmarketing.htmlpage.language=1 /compiti/operazioni-cambi/cambio/ Tue, 11 Dec 2018 14:59:44 GMT db6b4d71-7d26-434b-bfcb-f00304930ba3 The Italian economy in brief, No. 140 - December 2018 [pdf, 571.9 KB] http://www.bancaditalia.it/pubblicazioni/economia-italiana-in-breve/2018/iteconom_140_eng.pdf?language_id=1 /pubblicazioni/economia-italiana-in-breve/2018 Tue, 11 Dec 2018 10:00:00 GMT effb4acb-11f2-4ff4-af89-fbac34c1548a Banks and Money: National Data - October 2018 [pdf, 768.2 KB] http://www.bancaditalia.it/pubblicazioni/moneta-banche/2018-moneta/en_statistiche_BAM_20181211.pdf?language_id=1 /pubblicazioni/moneta-banche/2018-moneta Tue, 11 Dec 2018 09:30:00 GMT 65c3932e-5788-4d8e-b723-dbdef4353e7a 2nd Workshop on Behavioural Financial Regulation and Policy. Opening remarks [pdf, 156.4 KB] http://www.bancaditalia.it/pubblicazioni/interventi-direttorio/int-dir-2018/en_rossi-11122018.pdf?language_id=1 /pubblicazioni/interventi-direttorio/int-dir-2018 Tue, 11 Dec 2018 08:15:00 GMT 891ec571-5b7f-4ac9-a7f3-478fee22a159 Euro foreign exchange reference rates as of 10 Dec 2018 http://www.bancaditalia.it/compiti/operazioni-cambi/cambio/cambi_rif_20181210?com.dotmarketing.htmlpage.language=1 /compiti/operazioni-cambi/cambio/ Mon, 10 Dec 2018 15:02:39 GMT a0522cda-c0a5-4068-a02b-b322d9d6bf39 The new section on payment systems operations is online http://www.bancaditalia.it/media/notizia/the-new-section-on-payment-systems-operations-is-online?com.dotmarketing.htmlpage.language=1 /media/notizia/ Mon, 10 Dec 2018 09:00:00 GMT d59fc24e-82b6-4396-8830-f860cdf23851