The Restructuring of Banks and Financial Systems in the Euro Area and 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 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 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.

Introduction Filippo Luca Calciano - Franco Fiordelisi Giovanni Scarano PART I: RESTRUCTURING BANKS AND FINANCIAL SYSTEMS IN THE EURO AREA Regulating Core and Non-Core Banking Activities. The Unanswered Question Giampaolo Gabbi - Andrea Sironi The Banking Regulatory Bubble and How to Get out of It Giovanni Ferri - Doris Neuberger 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 Vincenzo Chiorazzo - Pierluigi Morelli Learning on the Road towards the Banking Union Franco Bruni The Economic Impact of EU Competitiveness Programs on Italian SMEs Stefano Marzioni - Luciano Monti Alessandro Pandimiglio - Marco Spallone Regulatory Impacts from the Financial Crisis on German Banks Michaela Hönig Corporate Savings and the 2007-2009 Financial Crisis: A Warning for the European Giovanni Scarano PART II: NEW TOOLS FOR THE FINANCING OF SMES The European Central Bank and the Financing Conditions of Small and Medium-Sized Enterprises in Europe Ansgar Belke - Florian Verheyen After the Credit Crunch: Long-Term Finance for Economic Growth Angelo S. Baglioni - Andrea Monticini - Giacomo Vaciago New Finance for Italian Firms. Issues of Mini-Bonds and SME Entering the Stock Exchange are the Most Promising Novelties Ciro Rapacciuolo