Banca d'Italia
BDIPaper
IRB models lower bank risk density and shift credit to large firms
A Bank of Italy study finds that internal credit risk models lower risk-weighted asset density without opportunistic risk underestimation by weak banks.
Focus
BDIPaper
Buffer-stock needs drive 65 percent of Italian temporary hiring
Roughly 65 percent of Italian firms use fixed-term contracts as a buffer stock against revenue volatility, according to research by the Bank of Italy.
BDIPaper
Stablecoins offer no systematic cost advantage for remittances
A Banca d'Italia mystery shopping study testing 200 USDC transfers across ten corridors found that stablecoins offer no systematic cost advantage over traditional channels.
Latest
BDIPaper
Well-designed CBDCs boost welfare despite zero remuneration
A new Bank of Italy study demonstrates that a well-designed central bank digital currency can enhance household welfare and preserve monetary sovereignty without paying interest.
BDIPaper
Higher rates and inflation drive post-COVID euro area savings
A Banca d'Italia Occasional Paper examines why euro-area consumption remained weak and saving rates elevated through 2025 despite recovering income.
BDINews
AI monetary policy impacts and financial stability explored in new papers
Banca d'Italia published eight occasional papers on July 28, 2026, examining artificial intelligence in monetary policy, financial sector interconnectedness, and household consumption dynamics.
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BDIPaper
Bond common exposures drive risk across Italian financial sectors
A comprehensive Banca d'Italia study mapping Italian financial interconnections between 2019 and 2025 reveals that shared bond holdings create critical indirect contagion channels.
BDIPaper
AI reshapes monetary policy transmission and stability risks
A Banca d'Italia study assesses how artificial intelligence alters monetary policy transmission, liquidity demand, and financial stability risks.
BDIPaper
Downside income risks explain rising euro area saving rates
A Banca d'Italia paper analyzes euro area household saving rates using Consumer Expectations Survey data from 2020 to 2026.
BDIPaper
Multilayer network reveals Italian financial system interconnections
A Banca d'Italia occasional paper analyzes the Italian financial system from 2019 to 2025 using a multilayer network framework.
BDIPaper
M&A deals reduce Italian firm employment by 4 percent
A Bank of Italy occasional paper examines mergers and acquisitions across Italy and Europe from 2014 to 2024.
BDIPaper
Discretionary spending drives shock transmission in Italy
A Banca d'Italia study shows that the transmission of macroeconomic shocks in Italy depends heavily on whether spending is discretionary and whether it involves goods or services.