L’indebitamento e la vulnerabilità finanziaria delle famiglie nelle regioni italiane (Households’ Indebtedness and Financial Vulnerability in the Italian Regions)

60 Pages Posted: 22 Jun 2013

See all articles by Valerio Paolo Vacca

Valerio Paolo Vacca

Bank of Italy

Daniele Coin

Bank of Italy

Antonio Maria Conti

Banca d'Italia

Luigi Leva

Bank of Italy

Danilo Liberati

Bank of Italy

Elisabetta Manzoli

Bank of Italy

Daniele Marangoni

Bank of Italy

Sauro Mocetti

Bank of Italy

Giuseppe Saporito

Bank of Italy

Lucia Sironi

Bank of Italy

Date Written: June 20, 2013

Abstract

This paper depicts – from a variety of viewpoints – the degree of indebtedness and potential financial vulnerabilities of households across the Italian regions. Micro-data from several sources suggest that the financial situation of Italian households shows striking differences at geographical level; some of these differences have partly faded in recent years, whereas under other respects no substantial convergence can be detected. The recent evolution has been heterogeneous for the different socio-demographic classes (income quartiles, citizenship, age of the head, etc.), owing to both demand factors from the part of the households, and supply policies from the part of the banks; the latter in particular changed after the inception of the economic and financial crisis.

Note: Downloadable document is in Italian.

Keywords: household debt, financial fragility, mortgages, real estate finance

JEL Classification: D12, D14, G21, R31

Suggested Citation

Vacca, Valerio Paolo and Coin, Daniele and Conti, Antonio Maria and Leva, Luigi and Liberati, Danilo and Manzoli, Elisabetta and Marangoni, Daniele and Mocetti, Sauro and Saporito, Giuseppe and Sironi, Lucia, L’indebitamento e la vulnerabilità finanziaria delle famiglie nelle regioni italiane (Households’ Indebtedness and Financial Vulnerability in the Italian Regions) (June 20, 2013). Bank of Italy Occasional Paper No. 163. Available at SSRN: https://ssrn.com/abstract=2283095 or http://dx.doi.org/10.2139/ssrn.2283095

Valerio Paolo Vacca (Contact Author)

Bank of Italy ( email )

Via Nazionale 91
Rome, 00184
Italy

Daniele Coin

Bank of Italy ( email )

Via Nazionale 91
Rome, 00184
Italy

Antonio Maria Conti

Banca d'Italia ( email )

Via Nazionale 91
Roma, 00161
Italy

Luigi Leva

Bank of Italy ( email )

Via Nazionale 91
Rome, 00184
Italy

Danilo Liberati

Bank of Italy ( email )

Via Nazionale 91
Rome, 00184
Italy

Elisabetta Manzoli

Bank of Italy ( email )

Via Nazionale 91
Rome, 00184
Italy

Daniele Marangoni

Bank of Italy ( email )

Via Nazionale 91
Rome, 00184
Italy

Sauro Mocetti

Bank of Italy ( email )

Via Nazionale 91
Rome, 00184
Italy

Giuseppe Saporito

Bank of Italy ( email )

Via Nazionale 91
Rome, 00184
Italy

Lucia Sironi

Bank of Italy ( email )

Via Nazionale 91
Rome, 00184
Italy

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