The Restructuring of Banks and Financial Systems in the Euro Area and the Financing of SMEs (Central Issues in Contemporary Economic Theory and Policy)

The 2007-2009 financial crisis has had a worldwide impact on banks and financial systems. It has also brought about major changes in Europe's financial regulatory framework which could lead to financing problems for SMEs. The book explores the restructuring process of banking and financial systems to its impact on the financing of SMEs. The 2007-2009 financial crisis has had a worldwide impact on banks and financial systems. It has also brought about major changes in Europe's financial regulatory framework that could lead to financing problems for SMEs. The book collects some original contributions on these issues, dealing with the alternative proposals to separate banking activities, the ways out from the banking regulatory bubble, analysis of monetary policy in the Euro Area, the effects of the financial crisis on the European banks, the road map towards the European Banking Union and the risk it entails, the new financing conditions of Small and Medium-Sized Enterprises in Europe, the credit crunch and long-term finance for economic growth, and, finally, the new kinds of financial instruments available to SMEs today Front Matter....Pages i-vi Introduction....Pages 1-10 Regulating Core and Non-Core Banking Activities. The Unanswered Question◊....Pages 11-30 The Banking Regulatory Bubble and How to Get out of It....Pages 31-61 Fifteen Years of Single Monetary Policy in the Euro Area: A Bird’s Eye View, Effects on Italian Banks During the Crisis, and Lessons to Draw....Pages 63-80 Learning on the Road towards the Banking Union....Pages 81-120 The Economic Impact of EU Competitiveness Programs on Italian SMEs....Pages 121-140 Regulatory Impacts from the Financial Crisis on German Banks....Pages 141-174 Corporate Savings and the 2007–2009 Financial Crisis: A Warning for the European Banking Union....Pages 175-187 Front Matter....Pages 189-189 The European Central Bank and the Financing Conditions of Small and Medium-Sized Enterprises in Europe....Pages 191-207 After the Credit Crunch: Long-Term Finance for Economic Growth....Pages 209-221 New Finance for Italian Firms. Issues of Mini-Bonds and SME Entering the Stock Exchange are the Most Promising Novelties....Pages 223-249 Back Matter....Pages 251-256 "Cover "--"Title " -- "Copyright " -- "Contents " -- "Introduction " -- "I â#x80;#x93; Restructuring Banks and Financial Systems in the Euro Area " -- "Regulating Core and Non-Core Banking Activities. The Unanswered Question " -- "The Banking Regulatory Bubble and How to Get out of It " -- "Fifteen Years of Single Monetary Policy in the Euro Area: A Birdâ#x80;#x99;s Eye View, Effects on Italian Banks During the Crisis, and Lessons to Draw " -- "Learning on the Road towards the Banking Union " -- "The Economic Impact of EU Competitiveness Programs on Italian SMEs " -- "Regulatory Impacts from the Financial Crisis on German Banks " -- "Corporate Savings and the 2007â#x80;#x93;2009 Financial Crisis: A Warning for the European Banking Union " -- "II â#x80;#x93; New Tools for the Financing of SMEs " -- "The European Central Bank and the Financing Conditions of Small and Medium-Sized Enterprises in Europe " -- "After the Credit Crunch: Long-Term Finance for Economic Growth " The 2007-2009 financial crisis has had a worldwide impact on banks and financial systems. It has also brought about major changes in Europe's financial regulatory framework that could lead to financing problems for SMEs. The book collects some original contributions on these issues, dealing with the alternative proposals to separate banking activities, the ways out from the banking regulatory bubble, analysis of monetary policy in the Euro Area, the effects of the financial crisis on the European banks, the road map towards the European Banking Union and the risk it entails, the new financing conditions of Small and Medium-Sized Enterprises in Europe, the credit crunch and long-term finance for economic growth, and, finally, the new kinds of financial instruments available to SMEs today.-- Provided by Publisher