Search results for "lending"

Interbank lending and the spread of bank failures: A network model of systemic risk

2012

We model a stylized banking system where banks are characterized by the amount of capital, cash reserves and their exposure to the interbank loan market as borrowers as well as lenders. A network of interbank lending is established that is used as a transmission mechanism for the failure of banks through the system. We trigger a potential banking crisis by exogenously failing a bank and investigate the spread of this failure within the banking system. We find the obvious result that the size of the bank initially failing is the dominant factor whether contagion occurs, but for the extent of its spread the characteristics of the network of interbank loans are most important. These results ha…

Oxazoline-containing compatibilizers for polyamide/SAN and polyamide/ABS blends

2002

Polyamide (PA) and acrylonitrile/butadiene/styrene copolymer (ABS) may appear as a mixture in the recycled plastic stream. The incompatibility of these blends results in a blend with poor mechanical properties. The aim of this work is to partially convert the nitrile groups of the acrylonitrile/styrene copolymer (SAN) into oxazoline groups by reaction with aminoethanol (AE). Such modified SAN (SAN-m) can react with the amine or carboxylic acid end groups of PA, and therefore used as compatibilizers for blends of PA with ABS. SAN-m was found to reduce the SAN-domain size in the PA/SAN-blends. The initial acrylonitrile content of SAN-m had a strong influence on the degree of conversion into o…

Peer to Consumer Lending

2022

Peer to consumer lending represents an alternative form of financing characterized, within the crowdfunding genus, by the collecting of credit offers to be matched with borrowing demand through a digital platform. The essay focuses on legal analysis of some aspects of the structure and the functioning of lending marketplaces operating in the sector at stake. The Author argues how this business model – especially when the phenomenon involves consumers and, more generally, non-professionals counterparts – may be critical as regards to the classical cathegories and concepts ruling the lending/borrowing discourse.

Quantifying preferential trading in the e-MID interbank market

2015

Interbank markets allow credit institutions to exchange capital for purposes of liquidity management. These markets are among the most liquid markets in the financial system. However, liquidity of interbank markets dropped during the 2007-2008 financial crisis, and such a lack of liquidity influenced the entire economic system. In this paper, we analyze transaction data from the e-MID market which is the only electronic interbank market in the Euro Area and US, over a period of eleven years (1999-2009). We adapt a method developed to detect statistically validated links in a network, in order to reveal preferential trading in a directed network. Preferential trading between banks is detecte…

Poly lactic acid based foams prepared via thermally induced phase separation (TIPS): A method to tune the crystallinity

2012

Blends of Poly-L-Lactic Acid (PLLA) with two Poly-Lactic Acid (PLA) in different proportions (90/10 and 70/30) were utilized in order to produce biodegradable and biocompatible scaffolds for soft tissue engineering applications. The scaffolds were produced via thermally induced phase separation (TIPS) starting from ternary systems where dioxane was the solvent and water the non-solvent. Morphology was evaluated by Scanning Electron Microscopy (average pore size and interconnection). Moreover a DSC analysis was carried out on the as-obtained scaffold in order to obtain information about theirs thermal properties (enthalpy of melt and crystallization). The results showed that is possible to p…

Color Correction for Image Stitching by Monotone Cubic Spline Interpolation

2015

This paper proposes a novel color correction scheme for image stitching where the color map transfer is modelled by a monotone Hermite cubic spline and smoothly propagated into the target image. A three-segments monotone cubic spline minimizing color distribution statistics and gradient differences with respect to both the source and target images is used. While the spline model can handle non-linear color maps, the minimization over the gradient differences limits strong alterations on the image structure. Adaptive heuristics are introduced to reduce the minimization search space and thus computational time. Experimental comparisons with respect to the state-of-the-art linear mapping model…

Al cuore del fantastico. Ibridi da pensare nel Paleolitico

2022

Our narrative abilities go back before Chauvet. Already the ivory figure of the so-called Hohlenstein-Stadel Lion-Man, dated to about 40,000 years ago, must be regarded as the most advanced product of a hundred if not a thousand years of figurative and narrative experimentation. In order to create this hybrid figure, as well the more or less theriomorphic figures which populate caves all over the world, the human mind must have possessed developed narrative skills. All the imaginary animals found in prehistoric art and all the teratologies found in caves, presuppose a narrative, more precisely the story of a metamorphosis. In this contribution I propose an interpretation that investigates t…

L’evoluzione dell’attività bancaria tra innovazioni istituzionali, regolamentari e di mercato: alcune riflessioni e spunti di ricerca

2018

This paper aims to examine the evolution of the bank business models in Italy, with reference to some crucial institutional, economic, and regulatory aspects. A proper and well-functioning banking system is an essential condition to ensure a stable and efficient financial system, and a well-functioning real economy. The Italian banking system is affected by a deep reconfiguration of business models as a consequence of financial, market, technological, and institutional innovations that are posing some critical questions to the traditional role and functions of a bank in a globalized and interconnected economic system.

Limiti e criticità nell’intermediazione creditizia.

2011

Profili teorici ed evidenze empiriche del rapporto banca-impresa. Un’indagine sul territorio.

2016

The book offers a theoretical and empirical investigation of the bank-firm relationships in Italy, particularly the small-medium firms. It aims to examine the institutional, organizational and strategic differences between a transaction-based lending approach and a relationship-based lending approach. The study on the field is based on quantitative and qualitative data that have been gathered through a questionnaire. The book provides a survey data collection to offer a more complete and in-depth analysis of the bank-firm relationship during the financial crisis. Finally, the book discusses the results and the implications of the study.