The Bank of Italy has published ten new Occasional Papers (Nos. 966–975), adding research spanning financial market valuation, cross-border capital and liquidity flows, and crisis management tools, alongside studies on Italian economic structure, innovation, and measurement. The set includes work on whether there is a tech bubble in the US stock market using an agnostic valuation procedure based on a dividend discount model and generalized method of moments estimation; geopolitical risk, fragmentation and capital flows; and the risk sensitivity and drivers of global liquidity flows across international bank lending and bond flows. Financial-sector policy is addressed through a paper on financial stability considerations on bail-in. Other papers examine the impact of Italy’s PRIN scientific grants on research outputs, Italy’s fashion export performance, quarterly regional indicators for household consumption and disposable income, demography and Italy’s current account, financial and economic insights from Italian start-ups, and how firm-level uncertainty relates to output prices.
Bank of Italy 2025-10-09
Bank of Italy releases ten new Occasional Papers on US tech valuations, geopolitical risk and bank bail-in
The Bank of Italy released ten Occasional Papers (Nos. 966–975) on financial market valuation, cross-border capital and liquidity flows, and crisis management tools. Key studies include a potential tech bubble in the US stock market, geopolitical risk and capital flows, and financial stability considerations on bail-in. Additional research explores Italy's economic structure, innovation, and measurement, including the impact of PRIN scientific grants and Italy's fashion export performance.