New Issues in Financial and Credit Markets

This collection of conference papers presents a contemporary insight into key trends impacting on the global financial sector post crisis and highlights new policy and research areas affecting banks and other financial institutions. The four main themes are: financial crises, credit activity, capital markets and risk management.

List of Tables and Figures Introduction; F.Fiordelisi, P.Molyneux & D.Previati PART I: FINANCIAL CRISES China's Macro-Policy and Regulatory Framework of the Financial Sector to be Tested by the Global Economic Downturn; R.W.H.Van Der Linden Financial Turmoil and Asymmetric Information Theory - Evidence from E-MID Platform; C.Porzio, F.Battaglia, A.Meles & M.Grazia Starita The Impact of European Financial Integration on Economic Growth; J.Maudos & J.Fernández De Guevara Can Financial Supervision Enhance Central Bank's Independence?; E.Seghezza & G.B.Pittaluga The Impact of a Housing Price Bubble on the Intensity of the Recent Credit Crunch: Evidence from Different Countries; J.M.Pastor, J.Quesada & L.Serrano Interbank Market and Liquidity Distribution during the Great Financial Crisis: The E-MID Case; G.A.Vento & P.La Ganga Quantitative Easing Versus Credit Easing; F.H.Brinkhuis Financial Reforms, Competition and Risk in Banking Markets; B.Casu, A.Ferrari & Tianshu Zhao PART II: THE LENDING BUSINESS: MARKETS AND INSTRUMENTS The Diffusion of Credit Brokers in Italy - A Spatial Econometric Analysis; F.Poli & E.T.Uberti Determinants and Effects of Venture Capital and Private Equity Investments on Italian SMEs; R.Giovannini, V.Pesic & V.Capizzi Transparency of Price Conditions in the Consumer Credit; M.Caratelli PART III: CAPITAL MARKETS AND RISK MANAGEMENT Profitability of Momentum and Reversal Patterns of Pan-European Industries Portfolio; G.Torluccio & M.Toscano Duration Analysis - An Exposé; T.Lindblom & G.Bergendahl Biased or Unbiased Risk Perception in the Financial Decision Making; C.Lucarelli & G.Brighetti Banks' Measurement of Operational Risk and the Effect on Regulatory Capital; T.Lindblom& M.Willesson Index

FRANCESCA BATTAGLIA University of Napoli Parthenope, Italy GORAN BERGENDAHL Göteborgs Universitet, Sweden GIANNI BRIGHETTI Università degli Studi di Bologna, Italy FRANS H. BRINKHUIS INHOLLAND University of Applied Sciences Amsterdam/Diemen, The Netherlands VINCENZO CAPIZZI Università del Piemonte Orientale, Italy MASSIMO CARATELLI Universita' Di Roma Tre, Italy BARBARA CASU Cass Business School, City University London, UK JUAN FERNÁNDEZ DE GUEVARA Universitat de València& Ivie, Spain ALESSANDRA FERRARI University of Reading, UK PASQUALE LA GANGA Banca d'Italia, Italy RENATO GIOVANNINI Università Telematica G. Marconi, Italy MARIA GRAZIA STARITA University of Napoli Parthenope, Italy TED LINDBLOM Göteborgs Universitet, Sweden CATERINA LUCARELLI Università Politecnica delle Marche, Italy JOSÉ MANUEL PASTOR Universitat de València& Ivie, Spain JOAQUÍN MAUDOS Universitat de València& Ivie Spain ANTONIO MELES University of Napoli Parthenope, Italy VALERIO PESIC Università di Roma 'La Sapienza', Italy GIOVANNI B. PITTALUGA Università di Genova, Italy FEDERICA POLI Università Cattolica del Sacro Cuore Milano, Italy CLAUDIO PORZIO University of Napoli Parthenope, Italy JAVIER QUESADA Universitat de València& Ivie, Spain ELENA SEGHEZZA Università di Genova, Italy LORENZO SERRANO Universitat de València& Ivie, Spain ERIKA TEORDORA UBERTI Università Cattolica del Sacro Cuore Milano, Italy GIUSEPPE TORLUCCIO Università di Bologna,Italy MARIO TOSCANO Università di Bologna, Italy RENE VAN DER LINDEN INHOLLAND University of Applied Sciences Amsterdam/Diemen, The Netherlands GIANFRANCO A. VENTO Università Telematica G. Marconi, Italy MAGNUS WILLESSON Växjö University, Sweden TIANSHU ZHAO Stirling University, UK