List of figures; List of tables; Preface Sergio Siglienti;
Acknowledgements; Notes on contributors; Introduction Vittorio Conti and
Rony Hamaui; Part I. Households and Firms; Section 1. The Evolution and
Allocation of Financial Wealth: 1. Marketable and non-marketable assets in
households' portfolios: a cross-country comparison Claudio Giraldi, Rony
Hamaui and Nicola Rossi; 2. Credit, money and consumption: time-series
evidence for Italy Orazio P. Attanasio and Guglielmo Weber; Discussion
Luigi Spaventa; Section 2. Financial Choices of Industrial Firms: The
Italian Case: 3. Empirical determinants of corporate debt decisions: some
evidence for Italy Leo Bonato, Riccardo Faini and Marco Ratti; Discussion
Pippo Ranci; Part II. Financial Markets; Section 3. The Exchange Rate
Market: 4. Financial liberalisation and exchange rate volatility Vittorio
Grilli and Nouriel Roubini; 5. Capital mobility, vehicle currencies and
exchange rate asymmetries in the EMS Vittorio Grilli and Nouriel Roubini;
Discussion Rudiger Dornbusch; Section 4. The Equity Market: 6. Shifting
gears: an economic evaluation of the reform of the Paris Bourse Marco
Pagano and Ailsa Röell; 7. Front running and stock market liquidity Marco
Pagano and Ailsa Röell; 8. Auction markets, dealership markets and
execution risk Marco Pagano and Ailsa Röell; Discussion Robert J. Schiller;
Section 5. The Bond Market: 9. The impact of a new futures contract on risk
premia in the term structure: an APT analysis for French government bonds
Alessandro Citanna and Riccardo Rovelli; Part III. Banks; Section 6. Issues
in Asset Management: 10. The role of banks as investors in securities:
theoretical and empirical features in an international perspective Umberto
Cherubini, Massimo Ciampolini and Gregorio de Felice; 11. Loan sales and
balance sheet assets Paolo Fulghieri; Discussion Mervyn King; Section 7.
The Liability Side: 12. A comparative analysis of the liabilities structure
in seven banking systems Mauro Maccarinelli, Giuseppe Marotta and Massimo
Prosdocimi; 13. Deposit insurance: implications from financial
intermediation theory Angelo Baglioni and Giuseppe Marotta; Discussion
Mario Monti; Index.
