Abstract
This chapter relates the experience of the Money and Finance Research Group (MoFiR) established almost two decades ago within the Department of Economics of UNIVPM. The MoFiR main research focus has been the analysis of the evolution of the financial system on the development of economic systems. This chapter synthetizes some of the authors’ main contributions on three main lines of research: the international and European monetary systems, the relationship between banking structures and local development, and the potential discriminatory effects of regulatory policies. In all these issues the main point of reference has been the impact of the evolution of financial structure and regulation on different territories (countries, regions, local systems) characterized by different levels of development. The authors argue that this point of interest should be maintained in any future study on the transformations of the financial system, included the evolving situations of different territories and bank-firm relationships. What has to be always considered crucial is the understanding of how structural changes generate and distribute benefits, risks, and losses within and among economies.
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Notes
- 1.
Two conferences had been held in Chicago (USA), one in London (UK), one in Kobe (Japan), all the others at the Faculty of Economics Giorgio Fuà in Ancona.
- 2.
See Alessandrini and Papi (2018) for some empirical evidence of the different regulatory burden for the different size categories of banks for the Italian case.
- 3.
According to the Bank of Italy, an increase of one percentage point of the new non-performing loans in relation to total loans would correspond to an average reduction of the growth rate of loans to companies by about 1.5 percentage points (Bank of Italy 2017).
- 4.
Except the 30 global systematically important banks (G-SIBs).
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Alessandrini, P., Papi, L., Zazzaro, A. (2019). Money, Banking and Territories: A MoFiR View. In: Longhi, S., et al. The First Outstanding 50 Years of “Università Politecnica delle Marche”. Springer, Cham. https://doi.org/10.1007/978-3-030-33879-4_5
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